Do I need to id AZ capital gains acquired after 12/2011? The gain is from the increase in market value, nothing was sold. involves purchases over several years.
Do I need to id AZ capital gains acquired after 12/2011? The gain is from the increase in market value, nothing was sold. involves purchases over several years.
Yes, if you have any. Capital gains from items purchased prior to 2011 are treated differently (not taxed) because basis was not tracked the same. Anything from 2012 or later will go in the box and it is only for sales from the current year, not all of your assets since 2012.
Here are some examples for portion of gain or loss from assets acquired after Dec 31, 2011:
Sold stock- bought in 2012 - enter the full gain
Sold stock- bought in 2011 - nothing to enter
Did you sell the house that has been in the family for 30 years with various cousins living in it? It is from before 2012 and the gain does not count.
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