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Deductions & credits
@dhuber24 wrote:
"Since you are allowed to deduct losses for your federal return but not for the state return, there would be a difference in the reported federal adjusted income.
That is not true. As I said before, losses are NOT on the Federal Schedule 1 and would NOT affect Federal Adjusted Gross Income. As I said before, that response doesn't make sense.
‎February 1, 2025
9:46 AM