Arkansas Income Tax Exclusion for Profit on the Sale of a P…

Arkansas Income Tax Exclusion for Profit on the Sale of a Principal Residence

Arkansas Department of Finance and Administration

Full exclusion of the gain from Arkansas taxable income

Under the Arkansas Military Family Relief Act, you can leave the profit from selling your principal residence out of your Arkansas taxable income.

Check eligibility

How to apply

There is nothing to apply for. Exclude the gain on the sale from the income you report on your Arkansas return.

What you'll need

Your closing statement for the sale and records showing the home was your principal residence.

Eligibility

You are filing an Arkansas income tax return
You are a service member
You sold your principal residence at a profit

Source

Official source

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