Hi,
I live in California. Due to tax treaty between US and Canada, the tax is deferred at the “federal” level for Canadian tax-deferred accounts like RRSP and LIRA. However, this is not the case in California. How can I enter my ‘capital gain/loss’ so that I get taxed only at California return but not Federal return using TurboTax Deluxe?
Thanks in advance for your help!
Best regards,
Shirley
You would enter the amounts on the Schedule CA 540 - California Adjustments — Residents. You would add the capital gain / loss on the form. On the state return you will make the entry in the software in the California adjustment section
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