I have a long term capital gain of $ 41 what do I enter the portion of gain or loss from assets after december 31, 2011. what is this?

It is on the state portion. It tells me I have a long term gain of $41 and to enter the portion of gain or loss from assests acquired after december 31 2011. Where do I find that info?

426

Not applicable

Mar 16, 2020 1:05:32 PM

seriously good luck. what some states did when they enacted there income tax was to allow taxpayers to adjust the basis of capital assets held on that date usually to FMV. Or there could have been a change in the states tax laws.affecting taxation of those types of assets.

what state and when did you acquire the security?

Level 15

Mar 16, 2020 6:30:18 PM

for $41 is it worth worrying about? Just enter ALL or 100%

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I have a long term capital gain of $ 41 what do I enter the portion of gain or loss from assets after december 31, 2011. what is this?