How do I report a long term capital loss attributable to Virginia on my tax return?

Certain long-term capital gains can be deducted from your Virginia return. To report the long-term capital gain as a subtraction from income:

1. Go to the State Section
2. Subtractions from Income
3. Other Subtractions 
4. Add Other Subtraction
5. Select "Long Term Capital Gain"

The long-term capital gain must:

• Be due to an investment in a 'Qualified Business" as outlined in the Virginia tax code
• Be a technology business that has been approved by the Secretary of Technology
• Be based in Virginia
• Have less than $3 million in revenue