Instructions For Arizona Form 140py - Part-Year Resident Personal Income Tax Return - 2011 Page 7
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25Form 140PY
Attach a schedule listing these other items.
7. Alimony: Enter the amount actually paid while an
Arizona resident.
Also enter any other income derived from Arizona sources
during the part of the year you were an Arizona nonresident.
8. Moving expenses: Enter the amount of moving
expenses included in your federal adjusted gross income
Net Operating Losses
that you accrued and paid during the part of the year
Arizona does not have specific provisions for calculating the
you were an Arizona resident.
net operating loss of an individual. Generally, the amount of
NOTE: Do not enter any amounts for items 1 through 8
net operating loss deduction included in your federal
above unless you deducted these items in computing your
adjusted gross income is the amount allowable for Arizona
federal adjusted gross income.
purposes. However, there are instances when the amount
allowable for Arizona purposes may be different.
If your federal return shows other adjustments to income,
attach your own schedule to show your calculation.
As a part-year resident, Arizona recognizes that portion of
Line B19 - Arizona Income
the federal net operating loss which is attributable to income
Complete line B19 as instructed on the form.
taxed by Arizona as the Arizona net operating loss.
Line B20 - Arizona Percentage
As a part-year Arizona resident, include in Arizona gross income
Divide line B19 by line B18, and enter the result on line
the amount of federal net operating loss carry forward or carryback
B20. (Do not enter more than 100 percent.) This is the
attributable to Arizona unless any of the following apply.
Arizona percentage of your total income.
1. The net operating loss attributable to Arizona included
Example:
in your federal adjusted gross income has already been
deducted for Arizona purposes.
Arizona
Federal
Arizona percentage
Gross Income
Adjusted
2. The net operating loss included in your federal adjusted
from line B19
Gross Income
gross income was incurred from non-Arizona sources
from line B18
while a nonresident.
$ 7,500
$ 30,000
$7,500/30,000 = 25%
Enter the amount of net operating loss deduction included in
your federal adjusted gross income that was attributable to
Determining Additions to Income
income taxed by Arizona. Do not include any amount of the
Line C21 - I.R.C. § 179 Expense in Excess
loss that has already been deducted for Arizona purposes.
of Allowable Amount
For information on deducting a net operating loss carryback in
Enter the amount of I.R.C. § 179 expense included in your
cases where you did not make an election under I.R.C. §
Arizona gross income that exceeds $25,000. If you make an
172(b)(1)(h), see Arizona Department of Revenue Income Tax
entry here, also see the instructions for line D34, “Adjustment
Procedure ITP 99-1. To see this procedure, visit our web site
for I.R.C. § 179 Expenses not Allowed.”
at and click on legal research and then click
Line C22 - Total Depreciation Included in
on procedures.
Arizona Gross Income
If you made an election under I.R.C. § 172(b)(1)(h), see the
Enter the amount of depreciation deducted on the federal
instructions for “Other Subtractions from Income.”
return that is included in Arizona gross income. If you make
Line B16 - Total Income
an entry here, also see the instructions for line D35, “Other
Subtractions from Income.”
Add lines B7 through B15 and enter the total.
Line C23 - Other Additions to Income
Line B17 - Federal Adjustments
Use line C23 if any of the special circumstances below
If any of the following are included in adjustments shown on
apply. Attach your own schedule to the back of your return,
your federal return, make an entry on this line as explained
explaining any amounts entered on line C23.
below.
A. Non-Arizona Municipal Interest
1. IRA: Enter the amount actually paid while an Arizona
resident for your IRA and/or your spouse's IRA.
Enter interest income earned from non-Arizona municipal
bonds while an Arizona resident.
2. Student loan interest: Enter the amount you paid while
an Arizona resident.
NOTE: You may reduce this addition by any interest or other
related expenses incurred to purchase or carry the obligation.
3. Self-employed SEP, SIMPLE and qualified plans: Enter
As a part-year resident, you may reduce the addition by the
the amount actually paid while an Arizona resident.
amount of those expenses attributable to income subject to
4. Self-employment tax: Enter that portion of the self-
Arizona tax. You may reduce the addition by those expenses
employment tax that relates to self-employment income
that you could not deduct on your federal return.
reportable to Arizona.
B.
Ordinary
Income
Portion
of
Lump
Sum
5. Self-employed health insurance: Enter that amount of
Distribution Excluded on Your Federal Return
self-employed health insurance that was actually paid
Arizona law does not provide for averaging. Enter the amount of
while an Arizona resident.
the distributions received while an Arizona resident and treated
6. Penalty on early withdrawal of savings: Multiply the
as ordinary income on your federal return. If you chose to treat
federal deduction by the ratio of your Arizona interest
the capital gain portion of the distributions as ordinary income,
to your federal interest.
you must also include that amount on line C23.
7
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