MaryK4
Employee Tax Expert

Deductions & credits

Yes, your federal taxable income will be $17,600

 

For New York, there are some state additions and subtractions that could affect your taxable income, but basically yes- your New York taxable income is higher,

 

Yes, the capital loss is treated the same for New York and federal taxes. 

 

@Francisco2019

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"