
Anonymous
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State tax filing
A more detailed version of this question.
Similar scenario. WA resident (no state income tax) with $300k capital gains from sale of non primary home in CA. But have > $300k suspended capital loss. So all $300k gains will be eliminated on Federal tax.
However, for CA tax, I'm guessing I can not eliminate the $300k CG gain and will be taxed as ordinary income. FYI, the > $300k suspended CG loss is from stock market loss harvesting so not CA specific loss.
March 18, 2020
4:38 PM