- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
My currency trading is a loss for 2022.
Example, I entered "IRC 988" for description, "-$50,000" for taxpayer amount under Misc. Income; other reported income section
My question is, does this apply for Federal and certain State, such as California ? because under the State of California reporting, Misc.; Other Adjustment to Income; do I enter the same for Federal the -$50,000 loss?
‎April 17, 2023
6:28 PM