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reimport federal 1040 information into state return

Forum|Forum|6 years ago
March 16, 2020
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I completed most of my federal return, except for capital gains/losses, then started my state return. I later updated the federal return with the investment information and filed it.

How can I reload my federal return into my state return? I'd like to get the investment info into the state return. I've finished most of the state return, but haven't filed it yet.

Best answer by DavidD66

The information from the federal return should have continued to flow to the State return and update it as you worked on your federal return. For many states, income from capital gains/losses is treated the same as ordinary income. Therefore, there is no specific information related to capital gains/losses that transfer from federal to state return; Instead, the capital gains/losses are included in "Federal Income" that transfers to state and is used as the starting point for calculating state tax.

D

DavidD66Answer

The information from the federal return should have continued to flow to the State return and update it as you worked on your federal return. For many states, income from capital gains/losses is treated the same as ordinary income. Therefore, there is no specific information related to capital gains/losses that transfer from federal to state return; Instead, the capital gains/losses are included in "Federal Income" that transfers to state and is used as the starting point for calculating state tax.

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