I know the federal limit is $3000 on capital losses, but TurboTax limits the Oregon one to also $3000. I can't find anywhere that states the rule that Oregon limits capital losses to $3000 also. Can someone confirm this is correct?
I have about 50k in capital gain from a home sale in Arizona (while I was a resident there), and I lost $13k when I sold stock after becoming an Oregon resident. I have net capital gain on my federal return, but would like to know if I can deduct $13k from my Oregon taxes.
