Form Ar1002nr - Nonresident Fiduciary Income Tax Return

Schedule A: Capital Gains (Attach Federal Schedule D)

For net capital gains realized from:

Federal

(A)

(B)

Jan 1, 2016 - Jun 30, 2016 ............... 45% is tax exempt

Schedule D

All Income

Arkansas Only

Jul 1, 2016 - Dec 31, 2016 ............... 50% is tax exempt

Enter federal long-term capital gain or loss reported on Line 16, federal

Schedule D or Form 1041, Line 1..................................................................1

Enter adjustment, if any, for depreciation differences in federal and state amounts........................2

Arkansas long-term capital gain or loss, add (or subtract) Line 1 and Line 2......................................3

Enter federal net short-term capital loss, if any, reported on Line 7, federal

Schedule D, Form 1041 ................................................................................4

Enter adjustment, if any, for depreciation differences in federal and state amounts........................5

Arkansas net short-term capital loss, add (or subtract) Line 4 and Line 5...........................................6

7a. Arkansas net capital gain or loss (combine lines 3 and 6).....................................................7a

WORKSHEET.

If Line 7a is more than $10,000,000, use

If Line 7a is a loss skip to line 8.

If Line 7a is a gain, answer questions A and B.

Question A:

Yes

Any transactions during Jan - June of 2016?.................................................................

then enter zero (0) on line 7b; if

YES

continue to Question B.

Question B:

Did transactions in Jan - June 2016 result in a net gain?..............................................

Yes

then enter zero (0) on line 7b; if

YES

then enter the Jan - June net long-term capital gain on

line 7b.

7b. Net long-term capital gain: Jan - June 2016 transactions only...................................................7b

7c. Enter the SMALLER of Line 7a or 7b.....................................................................................7c

7d. Subtract Line

from Line 7a................................................................................................7d

7e. Multiply Line 7c by 55 percent (.55).......................................................................................7e

7f. Multiply Line 7d by 50 percent (.50).........................................................................................7f

Arkansas taxable amount (add Lines 7e and 7f, or if Line 7a is a loss enter the loss).

WORKSHEET

If the

was used, then Line 9...............................................................................8

Enter federal short-term capital gain, if any, reported on Line 7,

federal Schedule D, Form 1041...............................................................9

Enter adjustment, if any, for depreciation differences in federal and state amounts.......................10

10.

11.

Arkansas short-term capital gain, add (or subtract) Line 9 and Line 10.............................................11

Total taxable Arkansas capital gain or loss, add Lines 8 and 11. (Loss limited to $3,000)

12.

Enter here and on AR1002F / AR1002NR............................................................................................12

Schedule B: Income Distribution (Attach Federal K-1s)

Beneficiaries’ share of income: ___________________________

Number of beneficiaries who received distributions: ___________

FIRST AND LAST NAME or

SSN/FEIN

ADDRESS

ZIP

AMOUNT

NAME OF ESTATE OR TRUST

Mail TAX DUE to: State Income Tax, P. O. Box 2144, Little Rock, AR 72203-2144

Mail AMENDED to:

State Income Tax, P. O. Box 3628, Little Rock, AR 72203-3628

Mail REFUND to: State Income Tax, P. O. Box 1000, Little Rock, AR 72203-1000

Mail NO TAX DUE to: State Income Tax, P. O. Box 8026, Little Rock, AR 72203-8026

AR1002NR (R 6/29/16)

Form Ar1002nr - Nonresident Fiduciary Income Tax Return - 2016 Page 2

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