AR1000D: Capital Gains (2024)
Arkansas · Arkansas DFA · Used for tax years 2024
Form AR1000D calculates your taxable Arkansas capital gain or loss for your individual income tax return. It uses federal capital gains and losses, includes adjustments for differences between federal and Arkansas amounts, and determines the amount to enter on Form AR1000F or AR1
Who files this form
For tax year 2024, complete Arkansas Form AR1000D if you have:
- A capital gain or loss reported on federal Schedule D, or
- A gain reported on federal Form 1040, line 7, when Schedule D is not required.
What you'll need
Have these forms and details available:
- Federal Schedule D, if required, for the amounts reported on lines 7 and 15. If Schedule D is not required, use the gain reported on federal Form 1040, line 7.
- The primary taxpayer’s legal name and Social Security number.
- Federal and Arkansas depreciation amounts, if they differ, and any PET capital gain or loss adjustments needed for lines 2, 5 and 10.
- Form AR1000F or AR1000NR, where you will enter the result on line 14.
Common mistakes
- Overlooking depreciation differences. The form notes that Arkansas did not adopt the federal bonus depreciation provision from previous years. Adjust gains and losses for any federal and Arkansas depreciation differences on lines 2, 5 and 10.
- Completing the wrong columns. Full-year residents complete only columns A and B. Nonresidents and part-year residents complete columns A, B and C.
- Exceeding the capital loss deduction limit. After offsetting capital gains, the deductible loss is limited to $3,000, or $1,500 per taxpayer for filing status 4 or 5.
Questions people ask
How much of my capital gain is taxed by Arkansas?
The form states that 50% of net long-term capital gain is taxed, while 100% of short-term capital gain is taxed.
What if the amount on line 7a exceeds $10 million?
Enter only $10,000,000 on line 7b. If line 7b is a gain, multiply it by 50% to calculate line 8. Otherwise, enter the loss.
How much capital loss can I deduct?
After offsetting capital gains, the loss deduction is limited to $3,000 for filing statuses 1, 2, 3 and 6. For filing status 4 or 5, the limit is $1,500 per taxpayer.
Where do I put the result from AR1000D?
For filing statuses 1, 2, 3, 5 and 6, add line 12, columns A and B, and enter the total on AR1000F or AR1000NR, line 14. For filing status 4, transfer line 12, column A to line 14, column A, and line 12, column B to line 14, column B.