ProConnect HelpIntuit HelpIntuit

The input for State if Different for long-term capital gain (Loss) for California isn't available in Lacerte.

by Intuit Updated 2 weeks ago

California doesn't have a distinction between short and long-term capital gains, so Lacerte doesn't provide a State, if Different field for long-term gains. As a result, when entering information for a California return, there won't be a State, if Different field for long-term capital gains for California. The field may be present on a multi-state return due to other states, but you will be unable to select CA in the state selector.

When entering a State, if Different amount is needed for California, the total short-term and long-term amount should be entered in the State, if Different field for short-term.

Lacerte Tax

Sign in now for personalized help

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads