Arkansas brokerage account growth calculator

What a taxable index-fund account is actually worth after expense-ratio drag and after Arkansas takes its share of the gain — which, in most states, is not at the federal preferential rate.

Arkansas excludes some or all of a long-term gain

Arkansas lets some or all of a long-term gain escape state tax, which is unusual and worth planning around. ARKANSAS IS ONE OF THE MINORITY OF STATES WITH A REAL LONG-TERM CAPITAL GAINS PREFERENCE, AND IT HAS TWO SEPARATE TIERS. TIER ONE: only 50% of net LONG-TERM capital gain is taxed -- form AR1000D line 8 reads 'Arkansas taxable amount. If a gain multiply line 7b by 50 percent (.50), otherwise enter loss.' At the 3.9% top rate that makes the effective Arkansas rate on a qualifying long-term gain 1.95%. SHORT-TERM GAINS GET NO EXCLUSION: AR1000D lines 9 through 11 carry the federal short-term gain across in full, and line 12 adds the 50%-reduced long-term figure to the 100% short-term figure. The exclusionPct recorded above therefore applies to LONG-TERM gains only. TIER TWO, THE HIGH-DOLLAR EXEMPTION: net capital gain in excess of ten million dollars, from a gain realised on or after January 1, 2014, is entirely exempt from state tax. AR1000D implements it by capping the amount carried into the 50% computation: line 7b instructs that 'if the amount on line 7a is over $10,000,000, only enter $10,000,000. If less than $10,000,000, enter the total amount.' So a $25,000,000 long-term gain is taxed as though it were $10,000,000, half of which is taxable -- $5,000,000 of Arkansas taxable income on a $25,000,000 gain. Capital LOSS deductibility follows the federal limit of $3,000 ($1,500 per taxpayer for filing status 4 or 5), with carryover. Gain on the sale of a personal residence is exempt up to $250,000 per taxpayer ($500,000 joint), matching the federal exclusion.