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Level 1
posted Mar 22, 2024 12:36:24 PM

Short Term gains showing up as Long Term capital gains

I'm working on my Arizona state tax.  My short-term gain (line 34) which is blank, is showing up as long-term on (line 35).  It's showing up  correctly on my Federal as short-term gains (sch.D, line 7).   Does it make a difference that it's not coming up correct on my Arizona state tax or is there a way to correct this on the state? These are short-term gain from my broker.   

0 1 755
1 Replies
Level 10
Mar 22, 2024 1:26:37 PM

@clint-wilmoth-ya Arizona makes no distinction between short-term and long-term capital gains – or even between capital gains and ordinary income so no change is needed.

All the best.