Question

Any suggestions of how to get 2023 federal info to carry forward to the state return? Sch D info for loss/gain carry forward does not happen.

Forum|Forum|2 years ago
February 22, 2024
1 reply
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The carry forward of S/T and L/T does not import from federal return to state return. Hence a difference in income from federal to state. This increases taxes for state.

TurboTax Online

rjs

What state?

P

PetloveAuthor

Alabama

DawnC

Alabama does not limit capital losses, so you could have deducted any losses last year on your Alabama state return. The federal return limits capital losses to $3k a year, but Alabama does not. Check your 2022 AL return to verify all of your losses were included.

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