topic Capital Loss Carry Over in Get your taxes done using TurboTax

Capital Loss Carry Over

Garz — Mon, 23 Feb 2026 13:15:32 GMT

For context: I moved from PA to CA in December of 2022.

Turbo tax is asking me to input my capital loss c/o for California, and I am unsure of what to enter for this since I did not files taxes in CA last year.

Re: Capital Loss Carry Over

Anonymous_ — Mon, 06 Feb 2023 01:31:10 GMT

Duplicate post.

Re: Capital Loss Carry Over

JohnB5677 — Mon, 06 Feb 2023 18:28:49 GMT

You need to check your new state's rules on carryovers, but in most states, the loss would be allowed in both states, just as a gain would be taxed by both states. However, the rules for double-taxed income would likely reduce the double benefit.

Change of Residency to California (move in)

For taxable years beginning on or after January 1, 2002, if you have capital loss carryovers and were a nonresident of California in prior years, the capital loss carryovers need to be restated as if you had been a California resident for all prior years.