You need to check your new state's rules on carryovers, but in most states, the loss would be allowed in both states, just as a gain would be taxed by both states. However, the rules for double-taxed income would likely reduce the double benefit.
For taxable years beginning on or after January 1, 2002, if you have capital loss carryovers and were a nonresident of California in prior years, the capital loss carryovers need to be restated as if you had been a California resident for all prior years.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
