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State tax filing
Yes. You would need to enter the loss as pass through loss. You would only need to fill out column b for the Illinois resident. I would probably enter the amount online 18 with the description "Long Term Carryover Loss" then enter the amounts as negative numbers. The beneficiaries can each deduct $3000 in capital losses each year until their share is used up.
‎February 28, 2021
1:10 PM