My brand new Calcutta 201b is having drag issues. I have tightened my star drag completely down and it's still slipping, and I'm using a full spool of 20 pound fluorocarbon line. If you know how to fix this please comment! Thanks!

"Brand new" reels shouldn't have problems, but they can.  If you can, take the reel back to where you bought it & have it checked. If you are unfamiliar with reel repairs, DON'T try to fix things you don't know about.  PM Mike from DVT (a great forum sponsor here).  

How easily is the drag slipping? 

I don't have to pull very hard for it to slip.

22 minutes ago, jbw252 said:

"Brand new" reels shouldn't have problems, but they can.  If you can, take the reel back to where you bought it & have it checked. If you are unfamiliar with reel repairs, DON'T try to fix things you don't know about.  PM Mike from DVT (a great forum sponsor here).  

Ok thank you I will try calling the store I purchased it from.

See if the exchange helps. If not let me know and we'll address it.