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For Arizona State return , how is the apital Gain or Loss from Assets Acquired After December 31, 2011 calculated ?

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February 23, 2021
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how are they calculating capital Gain or Loss from Assets Acquired After December 31, 2011 for an Arizona State return ?

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Best answer by JohnW152

For Arizona state tax purposes, you're allowed to subtract 25% of any net long-term capital gain that's been included in your federal adjusted gross income when it was derived from an investment in an asset acquired after December 31, 2011.

Please see Lines 19 through 23 - Net Capital Gain or (Loss) in the 2020 Arizona Resident Personal Income Tax Booklet available at Form 140 - Arizona Resident Personal Income Tax Booklet for more information.

J

JohnW152Answer

For Arizona state tax purposes, you're allowed to subtract 25% of any net long-term capital gain that's been included in your federal adjusted gross income when it was derived from an investment in an asset acquired after December 31, 2011.

Please see Lines 19 through 23 - Net Capital Gain or (Loss) in the 2020 Arizona Resident Personal Income Tax Booklet available at Form 140 - Arizona Resident Personal Income Tax Booklet for more information.