How do I find my Arkansas Long Term Capital Loss Carryover?

A long-term capital loss carryover occurs when you sell an asset, like stocks, for less than what you paid for it. This results in a capital loss. If your total capital losses exceed your capital gains in a given year, you can carry over the excess loss to future tax years to offset future gains.

To find your Arkansas long-term capital loss carryover:

1. Look at your previous Arkansas state tax returns, specifically the forms where you reported capital gains and losses. For Arkansas, this is typically Form AR1000D
2. Your federal tax return (Schedule'D) will also show your capital loss carryover. The amount reported here can be carried over to your Arkansas state 
3. if you used TurboTax last year and transferred your previous year's return, TurboTax will automatically pull the capital loss carryover into your current year's return.

For more detailed information, click her to review How do I enter my capital loss carryover.