New Arizona resident - passive loss carryforwards???

Technical topics regarding tax preparation.
#1
CarlCPA  
Posts:
45
Joined:
20-Aug-2014 12:31pm
Location:
San Luis Obispo
I've got a client that moved from CA to AZ in mid-2021. He owns interests in several K-1s that generate CA-source business income/losses, several of which have prior-year CA-source suspended passive losses.

Does AZ allow these CA-source passive loss carryforwards to be used to offset CA-source passive K-1 income that he is now reporting on his AZ return commencing when he became an AZ resident?

Any help is truly appreciated!
 

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