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Returning Member
posted Feb 20, 2024 6:03:51 AM

NC capital loss

I have a capital loss of $9000.  On fed return only $3000 is allowed with carryover.  NC does not allow carry over.

Can I deduct the entire $9000 in NC or just the $3000?

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1 Replies
Employee Tax Expert
Feb 20, 2024 5:26:36 PM

You can deduct the $9,000 in the year that the loss occurred on your North Carolina tax return, as you are not allowed to carry over capital losses there.