in Investing
If you move states halfway through the year can yo still allocate 50/50 for capital gains? Can you deduct capital losses taken in second half of year against gains from first half of year?
You'll need to sign in or create an account to connect with an expert.
for federal tax purposes, moving from one state to another has not impact on your taxes
for state tax purposes, fill out the tax forms for the state you moved from first and then complete the forms for the state you now live in..... the state forms themselves will resolve your question on capital gains.
question is whether capital gains losses will be reduction of gains if not in the same period that I lived in the previous state. EG. had gains in first half before leaving California but if I do tax loss harvesting in second part of the year will it not be a reduction of overall capital gains for the state?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
turbodb
New Member
in Investing
dorox
New Member
in Investing
Walk_the_walk
Level 3
in Investing
b_g_bou
New Member
in Investing
user17519997267
New Member
in Investing