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February 9, 2025
Question

Sold primary residence in CA at and Feb 2024, after I moved to TX. Turbo tax isn't including capital gains on CA tax return only on Fed. Is this right?

  • February 9, 2025
  • 1 reply
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Gain on sale exceed exemption so have to pay capital gains. I'm pretty sure I need to pay cap gain in CA as well as federal. TurboTax doesn't seem to be handling this correctly.

    1 reply

    February 9, 2025

    Line 13 of your California Form 1040NR, California Nonresident or Part-Year Resident Income Tax Return carries over the adjusted gross income from your federal Form 1040, so your capital gains are already included on the California return.

     

    You don't need to use California's Schedule D (540), California Capital Gain or Loss Adjustment unless there's a difference between your California and federal capital gains and losses.

     

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