(a) Where an individual or a trust changes resident status during the taxable year, the net capital gains and losses attributable to such individual or such trust are to be computed separately for the resident period and for the nonresident period covered by the New York State income tax returns required under this Part. In each case the computation of the capital gain or loss to be reported is to be made in the same manner as the corresponding Federal computation and on the same basis as if the taxable year of such individual or such trust for Federal income tax purposes were limited to the taxable period covered by the applicable New York State income tax return, except that:

1. (1) the separate computations applicable to the respective periods of residence and nonresidence must include any special accruals required by section 154.10 of this Part; and
2. (2) the capital gain or loss to be reported on the New York State nonresident income tax return for the period of nonresidence includes only those capital gains and losses reported for Federal income tax purposes which are derived from or connected with New York State sources during the nonresident period (see section 132.7 and Part 138 of this Title).

(b) See section 154.5 of this Part concerning New York minimum taxable income where an individual or a trust has a Federal item of tax preference for a capital gain deduction which is attributable to either the period of New York State residence or nonresidence.

1. (1) A short-term capital loss carryover and/or a long-term capital loss carryover from a prior year to the year the change of resident status occurred will retain its original character and be treated in the same manner as for Federal income tax purposes in determining the net capital gain or loss attributable to the respective periods of residence and nonresidence.
2. (2) The amount available as a carryover loss from a preceding year to the year the change of residence occurred must, in accordance with Federal rules and practice, be applied in chronological order to the New York State income tax returns required under this Part as if separate Federal income tax returns had been filed for corresponding taxable periods, except that where the change of residence is from a nonresident to a resident, effect shall be given in any subsequent year to any short-term and/or long-term capital loss carryover computed on the New York State income tax return for the period subsequent to the change of residence to the extent to which such short-term and/or long-term capital loss carryover is includible in computing Federal adjusted gross income of an individual or Federal taxable income of a trust for the subsequent year or years.
3. (3) The amount available as a carryover to the resident period in the year of the change of residence is the same amount which would be available as a short-term and/or long-term capital loss carryover if a Federal income tax return were being filed for the period of residence.
4. (4) The provisions of section 132.7 of this Title apply in determining the New York adjusted gross income of an individual on the New York State nonresident personal income tax return for the period of nonresidence. The provisions of Part 138 of this Title apply in determining the New York taxable income of a trust on the New York State fiduciary return for the period of nonresidence.

(c)