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State tax filing
CA has different income limits than the federal. For CA, you can claim unlimited losses if your MFJ income is less than $373,899. It could be that your income was too high for federal but not for state. If you have been claiming the losses on the state, you would not have the accumulation. Losses are carried to sch P, credit limitations.
Please review prior returns for losses on form 3801. It shows the federal and CA adjustment plus CA allowed.
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March 16, 2021
4:34 PM