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April 12, 2025
Question

Long Term Capital Gains on Arizona returns

  • April 12, 2025
  • 1 reply
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Do long term capital gains from mutual funds qualify for the 25% deduction on the Arizona return provided one knows the acquisition date for the fund is on or after 1/1/2012?

    1 reply

    April 15, 2025

    Yes, mutual fund capital gains will qualify for the 25% deduction, but you must be able to show  not only the acquisition date to you but the acquisition dates of the underlying securities within the mutual funds.