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Investors & landlords
I do not have a carryback. I just want to know is AZ if you have a long-term capital loss carry forward and you know the entire amount occurred after December 31, 2011 does the state of AZ and TurboTax just want you to reenter that same negative number each year assuming you do not have gains to offset it? So, if the box says you have -53000 in long term gains that occurred in 2012 and beyond do you just copy that same negative number into the TurboTax box each hear verbatim? This assumes there is no long-term capital gains offsetting it. In laymen terms is TurboTax and the AZ140 just using this for line 22 that I think this populates correct me if I am wrong with tracking of long-term capital loss carry forwards, in the case you have a loss?