Thanks for your valuable response. I really appreciated it.
I did claim the home sale exclusion of $250K. After that, I still have $100K taxable gain. However, I sold the company stocks with $150K of taxable loss. I offset it so I owe no tax to Federal for this matter. Can I apply the same principle for Virginia? If not, I will need to enter $100K taxable gain to Line 6, column B (Virginia source) of nonresident allocation percentage section as right now Line 6, column A (i.e. All sources) filled with -$3000. Do I understand you correctly?
P.S. I was hoping not to owe Virginia.
P.S. The company stocks (Freddie Mac) I sold were all I purchased when I lived in Virginia. Does it carry any excuse not to owe Virginia?
I look forward to hearing from you again. Thank you so much.
Warm Regards,
Maureen
