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Using TurboTax (and reading the instructions for CA Form 3800 - Tax Computation for Certain Children With Investment Income) it appear that my child's CA tax is more than that on the 1040. Is this possible?
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Yes, it is possible. CA is a high tax state, and taxes capital gains as regular income.
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We paid more in OR state tax for 2013 than we did for federal taxes. Like most states, OR taxes cap gains and qualified dividends as ordinary income and that's where a good portion of our income came from.

--fleg
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Galling! But reassuring. Thank you.
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Thank you for commiserating!
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