AmyC
Expert Alumni

State tax filing

1. Maybe. Depending on the amount of gain in comparison to the allowed deductions, you may get up to a full refund.

 

2. You are both over 65 so you are able to claim extra exemptions.

 

3. Maybe. SC begins with the federal income and then adjusts to get to the SC income. Line 3i is especially important as it subtracts 44% of your long term net gains from your income.

 

SC instructions

Part year resident, page 3

Line 3i, page 16

Line 3o, Social Security deduction

Line 3p, Retirement deduction

Line 3q, 65 and older deduction

 

Take a look at your SC form and see what is happening. To see your forms:

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