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Hello,

I have a simple question. When you sell a stock, do you have to report the capital gain in filings for state taxes or only for federal tax purpose?

Thanks a lot for the clarification.
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No. of Recommendations: 1
When you sell a stock, do you have to report the capital gain in filings for state taxes or only for federal tax purpose?

I don't know every state, but for most states, the answer is Yes. States generally tax capital gain income.

--Peter
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