☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 1:07:46 PM

Virginia: Can I apply my capital loss carryover (which originally occurred in Calif) in Virginia?

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?

0 1 1146
1 Best answer
Intuit Alumni
Jun 3, 2019 1:07:47 PM

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.

1 Replies
Intuit Alumni
Jun 3, 2019 1:07:47 PM

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.