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New Member

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?