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?

posted

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.

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for purposes of determining ltcg rate of 0%, does Taxable Income include deducting capital loss carry-over?

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