Arizona

[oletomscw]

Finished FED forms and checked with no errors. Started Arizona State return and 3rd or 4th screen in program went to “Capital Gain or Loss from Assets Acquired After December 31, 2011. You have a net long-term capital gain of $6,684. Enter the portion of gain or loss from assets acquired after December 31, 2011 [_____]” I have no idea where this is from and don’t seem to reconcile the amount with my Fidelity accounts. Please help.

[ErnieS0]

Arizona allows you to subtract a percentage of any net long-term capital gain included in a resident’s federal adjusted gross income (Arizona gross income for nonresidents) that is derived from assets acquired after December 31, 2011.

• Type investment sales in Search in the upper right
• Select Jump to investment sales
• Continue until you reach Review your Brokerage sales
• Click edit on each sale and see whether any were acquired after December 31, 2011 or you can check your brokerage statement.
• Copy down the gain or loss from each transaction and enter the total

[oletomscw]

Thanks a lot Pardner