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Arizona capital gain deduction - Form 140 Line 23 and 24
The program seems to be missing the mark on the calculation of the 25% of the long term capital gains on line 23 of the Arizona tax return. Per the Arizona instructions, the deduction should be based on 25% of long-term capital gain for assets acquired after December 31, 2011. We have no idea of how the program is calculating the amount. A critical diagnostic appears if an override is entered. The supporting worksheet provides no guidance. Furthermore, the phone support staff are of no assistance with this issue.
