I had a capital loss in 2016 while I lived in California and was a Calif resident that will carryover into 2017 (and beyond!). In mid-2017, I moved to Virginia and became a Virginia resident. Can I use this carryover loss on Virginia state taxes? (I know it applies to Fed taxes every year no problem.) Or can I only use it on Feds and Calif taxes?
You'll need to sign in or create an account to connect with an expert.
No. While a Federal return encompasses anything that happens in the US, states are very particular that they be treated as separate entities from every other state.
No. While a Federal return encompasses anything that happens in the US, states are very particular that they be treated as separate entities from every other state.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Bob in Plano
Level 4
PetesSake
New Member
hancfam2
Level 2
jjqueenz
New Member
JFandl
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.