samingeorgia Posted March 23, 2015 Report Share Posted March 23, 2015 Is there such a thing? I'm doing a return for a client's brother, who lives in Alabama. He had a hefty capital loss carryover on federal, but I sure don't see where it would go on the Alabama return. I read their instructions on line, but can't find anything on point. Any help would be appreciated! Quote Link to comment Share on other sites More sharing options...
samingeorgia Posted March 23, 2015 Author Report Share Posted March 23, 2015 OK, the nice lady called from the Alabama DOR (quick service!!) and said that gains and losses are confined to the year in which they occur. So, no carryover.... Quote Link to comment Share on other sites More sharing options...
GeneInAlabama Posted March 24, 2015 Report Share Posted March 24, 2015 But, if it creates an NOL you can use form NOL-85 to record it and NOL-85A to carry it back or forward. Quote Link to comment Share on other sites More sharing options...
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