Does California tax long-term capital gains?

Unlike the federal government, California makes no distinction between short-term and long-term capital gains. It taxes all capital gains as income, using the same rates and brackets as the regular state income tax. The following table shows the tax rates that apply to both income and capital gains in California:

What is a capital gains tax calculator?

Forbes Advisor's capital gains tax calculator helps estimate the taxes you'll pay on profits or losses on sale of assets such as real estate, stocks & bonds for the 2022-2023 tax filing season.

How do I report capital gains & losses in California?

All taxpayers must report gains and losses from the sale or exchange of capital assets. California does not have a lower rate for capital gains. All capital gains are taxed as ordinary income. To report your capital gains and losses, use U.S. Individual Income Tax Return (IRS Form 1040) and Capital Gains and Losses, Schedule D (IRS Form 1040).