I have an unusual situation where I moved from IL to NY (6 months in both locations) and had reasonably significant capital gains for the year. The problem is I had more than my federal capital gain total in IL and a 7k loss in NY (in my allocation to each). This means I’m actually paying tax on capital gains to IL of more than my total on my schedule D but not getting any advantage to having a loss apportioned to my NY. There’s not much to offset it because I’m now in graduate school in NY and will be for a while and therefore have little income to offset it against.
Is there any way to carry the loss forward on my NY state? My understanding is it would be tied to my federal- which I don’t think will show anything like that- it’s just a gain…
Looking for ideas…
