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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 Form 140 Instructions (see page 12, Lines 20 through 24 - Net Capital Gain or (Loss)
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‎February 9, 2023
6:10 AM