Question

What is Arkansas Long-Term Capital Loss Carryover

Forum|Forum|7 years ago
June 4, 2019
1 reply
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what is Arkansas Long-Term Capital Loss Carryover???keeps asking me this ...i did sell a house..already put that info in just has a box for me to put an amount in and i dont have a clue what they r asking or where to find it

TurboTax Self Employed Online

D

DianeW777

Almost everything you own and use for personal or investment purposes is a capital asset. Examples include a home, personal-use items like household furnishings, and stocks or bonds held as investments. ... Capital gains and losses are classified as long-term or short-term.

If you are an Arkansas resident and you have a long term capital loss carryover that is all attributable to Arkansas then you would enter the full loss carryover as reported on your federal return.

If you believe you have no capital loss carryover from 2015, then you should enter zero in this box.

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