DianeW777
Expert Alumni

Investors & landlords

No. Capital gain is by definition long term, and short term by definition is ordinary gain. 

 

For Arizona state tax purposes, you're allowed to subtract 25% of any net long-term capital gain that's been included in your federal adjusted gross income when it was derived from an investment in an asset acquired after December 31, 2011.

@AZ-Taxes 

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