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Hi Fools:

In Mid-2015, I moved from Ohio to Rhode Island. Throughout 2015, I also had sufficient capital losses from investing so that I will be carrying over capital losses into 2016 for my federal taxes.

My question is this: Are there particular rules I need to follow when it comes to apportioning my capital gains and losses between the states? If so, I'd appreciate being pointed towards them.

My initial thought was to put a $2,000 loss against Ohio and a $1,000 loss against Rhode Island, given that I lived in Ohio for 2/3 of the year and in Rhode Island for 1/3 of the year.

However, I could also see a case for a $3,000 loss in Ohio and no gain or loss in Rhode Island, based on the fact that many of the losses were front-loaded in the calendar year.

Alternatively, if I have to go through the motions to calculate gains and losses separately by state by date of residency, what happens if I discover that I actually had a capital gain for the months in Rhode Island, despite a supersized capital loss across the year? Do I then report the gain to Rhode Island despite a federal loss? And is my Ohio loss still capped at the Federal $3,000 level, or do I net across the states to get to the federal $3,000 loss?

Thank you so much for your time, attention, and guidance.

Best regards,
Inside Value Home Fool
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