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Level 1
posted Feb 21, 2024 5:23:32 PM

Any suggestions of how to get 2023 federal info to carry forward to the state return? Sch D info for loss/gain carry forward does not happen.

The carry forward of S/T and L/T does not import from federal return to state return. Hence a difference in income from federal to state. This increases taxes for state.

0 3 269
3 Replies
Level 15
Feb 21, 2024 5:49:23 PM

What state?

 

Level 1
Feb 22, 2024 9:09:42 AM

Alabama

 

Expert Alumni
Feb 22, 2024 10:46:22 AM

Alabama does not limit capital losses, so you could have deducted any losses last year on your Alabama state return.   The federal return limits capital losses to $3k a year, but Alabama does not.  Check your 2022 AL return to verify all of your losses were included.