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J
jean1918
February 20, 2024
Question

NC capital loss

  • February 20, 2024
  • 1 reply
  • 0 views

I have a capital loss of $9000.  On fed return only $3000 is allowed with carryover.  NC does not allow carry over.

Can I deduct the entire $9000 in NC or just the $3000?

    1 reply

    T
    ThomasM125
    February 21, 2024

    You can deduct the $9,000 in the year that the loss occurred on your North Carolina tax return, as you are not allowed to carry over capital losses there.

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