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alexxu98
Returning Member

North Carolina State Tax Capital Losses deduction

Hi there,

I filed my 2021 tax return using TurboTax desktop version. For the state of North Carolina, TurboTax deducted my full capital losses from my total income while the federal return for which the capital losses is capped at $3000. However, I got a notice from the revenue department that they adjusted the capital losses to $3000. I understand TurboTax guaranteed the accuracy, and I could not find the tax code of North Carolina on that matter. I am wondering if a tax expert of TurboTax can point me the direction of its treatment. Or anybody who has the knowledge or experience on this matter  can offer me some help. I really appreciate!

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Accepted Solutions
tagteam
Level 15

North Carolina State Tax Capital Losses deduction

You might want to contact Support if you do not get an answer here by tomorrow.

 

What is the TurboTax phone number? (intuit.com)

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1 Reply
tagteam
Level 15

North Carolina State Tax Capital Losses deduction

You might want to contact Support if you do not get an answer here by tomorrow.

 

What is the TurboTax phone number? (intuit.com)

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