Are Cap Gains excluded from Fed AGI also excluded from State AGI? - Ask TaxGuru

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10-28-2016, 12:42 PM

jcentrepreneur jcentrepreneur is offline

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Are Cap Gains excluded from Fed AGI also excluded from State AGI?

If I have capital gains that are excluded from federal AGI, will that income be exempted from State AGI calculations and therefore State income tax as well? I'm specifically interested in:

1) NY
2) NJ
3) CO

Thanks for any expertise you can offer!

Last edited by jcentrepreneur : 10-28-2016 at 12:44 PM. Reason: Typo

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