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Returning Member
posted Feb 18, 2025 3:51:26 PM

Non resident home sale gain can it be offset with stock losses in Hawaii?

I’m a California resident and sold a 2nd home in Hawaii. Can Non resident home sale of the capital gain be offset with stock losses or is it just in Federal tax return? I filed last year and used turbo tax with filing another state and it did pull the information automatically and aware I’m not a resident…Hawai’i state is stating differently that I cannot use it? Is turbo tax incorrect?? 

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1 Replies
Expert Alumni
Feb 18, 2025 4:32:45 PM

No, Non-Hawaii capital gains cannot be used to offset Hawaii Capital Gains.  Hawaii pulls the Hawaiian portion of the Capital Gains with situs in Hawaii instead of looking at the total amount.