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Let us know your State's position on these


 
Income tax benefits available for individuals  (a work in progress)            
 

 

 

 Net Investing Securities
Losses
deductible 		 M2M Trading
Securities Losses
deductible 		 Net Investing Commodities Losses
deductible 		 M2M Trading
Commodities Losses
deductible 		 Net Investing FOREX
Losses
deductible 		 Tax Election FOREX Losses
deductible		 Investor
Expenses
deductible		 Trader
Expenses
deductible		 NOL
Carryback is allowed		 NOL Carry forward is allowed
IRS up to $3K unlimited up to $3K unlimited unlimited up to $3K limited unlimited 2-5 years 20 years
Alabama                    
Alaska no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes
Arizona                    
Arkansas                    
California same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS varies same as IRS
Colorado                    
Connecticut same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS no same as IRS no same as IRS
Delaware                    
Florida no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes
Georgia                    
Hawaii                    
Idaho                    
Illinois                    
Indiana                    
Iowa                    
Kansas                    
Kentucky                    
Louisiana                    
Maine                    
Maryland                    
Massachusetts                    
Michigan                    
Minnesota                    
Mississippi                    
Missouri                    
Montana                    
Nebraska no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes
Nevada                    
New Hampshire                    
New Jersey no  limited (2012) no  limited (2012)  limited (2012) no no no no  limited (2012)
New Mexico                    
New York same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS same as IRS
North Carolina                    
North Dakota                    
Ohio                    
Oklahoma                    
Oregon                    
Pennsylvania no no no no no no no no no no
Rhode Island                    
South Carolina                    
South Dakota no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes
Tennessee                    
Texas no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes
Utah                    
Vermont                    
Virginia                    
Washington no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes
West Virginia                    
Wisconsin                    
Wyoming no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes no taxes
















 
   
     

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