How do I note a capital loss carryover on my state tax return. (Oregon)

[Wal]

I have a capital loss in one state, Oregon, while having federal gains and gains in another state.  I know I can only claim -$3000 on my state tax return, but where do I denote this years losses on my state tax return?  Should I just be putting in $-3000, then next year use the remaining to offset capital gains (or if there are none, then as a $-3000 deduction again)?

Currently Turbotax is only allowing me to put -$3000 max in my capital loss area, and I see no other place to note that I have state capital losses exceeding that.

[Cindy0H]

The capital loss reduces your federal taxable income and, therefore, your Oregon income. It is not entered separately. There is no line item for a carryover in the Oregon return.

If you have the total loss in TurboTax, it will subtract the $3,000 and carry the remaining amount to next year's return.

You can see it on the Capital Loss Carryforward Worksheet line 8 or line 13. See screenshot.

[Wal]

Thank you for your reply, perhaps I should be more specific.  I have something like 85k in capital gains federally.  I have lived in two states during this period of time though, and I have 104k in gains in Michigan, and -19k in capital losses in Oregon.  So I'm trying to figure out how to denote that state specific capital loss.  Thanks!

[Cindy0H]

You might find this interesting: <a rel="nofollow" target="_blank" href="https://secure.sos.state.or.us/oard/displayDivisionRules.action?selectedDivision=448">https://secure...>

[Wal]

Thanks, reading that gave me a bit more clarity and certainty on things.  I am a part year resident, and my losses occurred while I was living here.  Thus, I'm definitely allowed to have a capital loss and capital loss carryover.  Which leads back to the issue of figuring out how I'm supposed to denote that.  Because turbotax is only allowing me to put -$3000.

I know this question is pretty nonstandard and difficult to answer, so no sweat if you can't figure it out.  On form OR-40-P, line 16, I'm allowed to put -3000 as the max, and there is no where else I can find in the Oregon State product to denote that I had larger lossess than that, which I will carry forward to future years.  Would it be correct to just fill in -$3000 this year, then do so again next year until the total capital loss was offset?