I live in NY and work in Ct - Are my Federal Capital Losses carried over to my CT state tax report ?
2007-03-25 08:06:43 · 2 answers · asked by John W 3 in Business & Finance ➔ Taxes ➔ United States
You would need to file the CT-1040-NR/PY, which takes your CT-sourced income divided by total income. The federal capital losses are already included in line 1, Federal AGI. The loss is not a deduction from your CT income however.
2007-03-25 09:19:31 · answer #1 · answered by tma 6 · 0⤊ 0⤋
If rented, did you report 1040 with schedule E? If definite, 1040NR, 4797 and schedule D for the reason which you will owe earnings tax and depreciation recapture. if rented, yet you opted for 30% in tax as we communicate from the lease, then purely 1040NR with schedule D. If un rented, then purely 1040NR with schedule D. Max value is 15%, yet AMT will kick in. you may deduct belongings taxes on the 1040NR. Will the ten% withheld at ultimate cover the tax or no longer? Y'comprehend, I hate while human beings come decrease back and upload extra tips. definite, the Brit can do an installment sale, in spite of the indisputable fact that he has to recapture any depreciation in 365 days one million. on the installment sale, he has to pay taxes over the subsequent X years--which may make the ten% withheld at time of sale exciting.
2016-10-20 10:29:24 · answer #2 · answered by ? 4 · 0⤊ 0⤋