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March 12, 2024
Question

Capitol loss carryover

  • March 12, 2024
  • 1 reply
  • 0 views

On my state tax return there is a capitol loss return of $3,000, which would be correct.  However, on my federal return there is only a $755 amount.  Why would there be a difference between the two returns.  I should be getting $3,000 on both returns for many years.

    1 reply

    KrisD15
    March 12, 2024

    To clarify, what type of loss is this? Short or long term capital gain or passive (rental) loss? 

    What Tax Year did the loss occur? 

    Which state are you filing? 

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