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BGAZTax
New Member

Credit in AZ for tax paid to New Mexico

I am a resident of Arizona.  I am a partner in an LLC that owns land in NM. We sold the land in 2023 and have a long term capital gain.

 

We were able to pay the state tax due to NM at the entity level. 

 

I am trying to figure out where I put the amount I paid to New Mexico on the 140 Arizona return. I have put the information in Turbo Tax, but it does not recognize it. 

 

Any ideas? 

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1 Reply
TomD8
Level 15

Credit in AZ for tax paid to New Mexico

If you complete your non-resident NM state return before you do your home state AZ return, the TT program should calculate and apply the credit automatically.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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