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?
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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.
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