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jimmymcgrew94
New Member

How do i find out if i have state Capitol loss

 
2 Replies
Hal_Al
Level 15

How do i find out if i have state Capitol loss

What state?

 Most states, unlike the feds,  do NOT treat capital gains as anything other than ordinary income. Whatever capital loss you have on the federal return will only change your AGI that transfers to the state return.
jerry2000
Alumni

How do i find out if i have state Capitol loss

Look at the capital loss carryover worksheet in your 2015 tax return. It will be in the copy that you printed for your records.
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