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Get your taxes done using TurboTax
This is whole issue revolves around the "Date of Purchase" which has to be after 12/31/2011 to received the reduced capital gains tax, not when sold or converted etc. etc. I had sold a rental property in 2022, but TT hiccuped and didn't import the previous year TT information on that property and I had to manually add it back in to report the sale and capital gains. Somehow TT calculated the AZ credit I was not entitled to even though I entered the correct purchase date back in 1987, so I had to go into the Federal form and change the date to remove the credit I was not entitled too.
March 8, 2023
11:46 AM