California and Virginia are both member states of the Drivers License Compact (DLC) which allows states to transfer information regarding moving violations received out of state back to your home state. So your Virginia citation for reckless driving will be report to the California DMV.

The CA Department of Motor Vehicle lists reckless driving as a 2 point out of state violation as you stated. So it will likely be assessed this way, even if California's definition is different than Virginia's the violation term transfers.

In Virginia being cited for 20 mph over the speed limit or at a speed greater than 80 mph is a serious offense and since you were doing both, the penalties might be quite harsh. The Code of Virginia allows for penalties such as a year of jail, fines up to $2,500 and the possibility of a driver's license suspension of 6 months.

You will need to take care of your VA reckless driving citation and if it results in your license being suspended in Virginia, then it is most likely that your California license will also be suspended.

If this offense raises your insurance rates, you can get California casualty auto insurance quote.