I live in Pa. This year I owe no Federal Taxes as I deducted my losses and had some carry over losses.
When I entered my Pa State taxes I noticed that I still had around $20,000 in capital gains left over after deducting my losses. This amount is being added to my income in determining the Pa. state taxes I owe.
I have plenty on Federal carry over losses I could apply (I did this so I would not owe any Federal Taxes).
Can't I apply this the same way so I do not owe any Pa state tax?
I read that Pa does not use carryover tax losses, but I am not carrying over Pa state losses. I just want to apply my federal carryover losses to my gains so I don't owe Pa. taxes.