Schedule A Capital Gains (1041 AR)

Schedule A includes total capital gains and capital gains sourced to Arkansas.

The total taxable Arkansas capital gain that calculates on Schedule A will report to the Total Expense Allocation Worksheet, located in Forms view in the Expense folder. The Arkansas Capital Gains will report to the Instate Expense Allocation worksheet.

Portions of net capital gains may be tax exempt:

  • For net capital gains 50% of the gain is tax exempt.
  • Net capital gains in excess of $10,000,000  are tax exempt.
Note: Due to the difference in the barcode information at the top of Schedule A/B, a separate schedule will calculate for resident and nonresident returns. 

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