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February 16, 2025
Question

How to adjust Section 1256 gain when moved to another state

  • February 16, 2025
  • 0 replies
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I moved to another state that has no income tax last year. Is there a way to report the portions of the Section 1256 contract gains that are from the no-income-tax state?

It seems in the "Capital Gains and Losses" Summary page, I can only indicate stock transactions that is from outside the state. I couldn't find where to adjust for Section 1256 contracts.