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A taxpayer has some income leftover between their California AGI and their deductions - Will this amount impact the size of any capital loss carryover
A taxpayer has some income leftover between their California AGI and their deductions - Will this amount impact the size of any capital loss carryover into future years? Select one: a. No - Capital losses are unmodified until they are deducted entirely. b. No - So long as the capital loss is deducted within the fifteen (15) years that is allowed, the rest of the return doesn't impact it. c. Yes - The capital gains carryover amounts use the state AGI and deduction figures to lessen the amount of the available capital loss carryforward into future years. d. No - The capital losses do not even impact the return, carrying over in full to only offset future gains
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