Hacker News new | past | comments | ask | show | jobs | submit login

I don't know about California, but NY State definitely treats long term gains as regular income too. You take the net capital gains number from your IRS Schedule D (total gains minus total losses) and copy it onto a single line on your NY tax form that gets added directly into your NY gross income. (There's no mention at all of long term vs. short term on the NY tax form - capital gains is just a single line item.)

(Everyone, including the IRS, treats short term gains as regular income.)




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: