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North Carolina partial year: TT is deducting more than $3k of stock losses from normal income
I moved to North Carolina on July 1. After moving I earned $124k of self-employment income and also realized $57k of net stock losses.
My partial year return is showing my NC income as $124k minus $57k = only $67k
There's no way (I don't think) that North Carolina will allow me to deduct that entire stock loss, yet TT is saying the return is 100% accurate.
Should I fix this somehow? Or should I just submit it and wait for NC to tell me I owe them more?
‎February 22, 2025
2:16 PM