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What type of real estate did you sell?
Are you a resident of Alabama.
For Alabama purposes, in terms of a capital loss, the entire loss is included in the year of sale; the excess loss over capital gains is not limited to $3,000. as it is on the Federal return.
From the Alabama Instructions for the Schedule D.
Under Alabama law the entire gain is taxable, and the entire loss is deductible in the year in which it occurs.
Losses on Personal Residences are not deductible.
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