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Level 2
posted Mar 25, 2025 9:26:59 PM

Capital Gains Allocation for partial year state in Connecticut

We moved to CT from MA this year.  I've divided the Cap Gains to before and after the move.  Our total gains were 1,725.  The before the move gain was 7,142.  After the move we had a -5,417 loss.  TurboTax flags the -5,417 as an error saying it's too small.  I fiddled with the number and found the any number lower that -3,000 generates the error.  I've not been able to find any info on why a loss of more than -3,000 is an error.

 

Any thoughts are appreciated

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1 Best answer
Expert Alumni
Mar 26, 2025 10:44:17 AM

Connecticut follows the federal treatment of capital losses, so the limit for long term losses is $3000 per year.  

 

See Federal and State Taxes on Capital Gains.

1 Replies
Expert Alumni
Mar 26, 2025 10:44:17 AM

Connecticut follows the federal treatment of capital losses, so the limit for long term losses is $3000 per year.  

 

See Federal and State Taxes on Capital Gains.