Arizona Form 165 - Schedule K-1(Nr) - Arizona Nonresident And Out-Of-State Partner'S Share Of Income And Deductions - 2011 Page 2

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Arizona Form
2011 Arizona Nonresident and Out-of-State
165
Partner’s Share of Income and Deductions
Schedule K-1(NR)
INSTRUCTIONS FOR INDIVIDUALS AND FIDUCIARIES
Note: The amount of Internal Revenue Code § 179 expense
deductible is limited to the Arizona portion of the amount
Column (c) is your Arizona source income. Nonresident
deducted on federal Form 1040, Schedule E.
individuals should report the amounts in column (c) on Form
140NR line numbers indicated on Form 165, Schedule K-1(NR).
Line 17 -
Nonresident trusts or nonresident estates should add lines 4
Line 17 refl ects the amount of partnership income which must be
through 13, column (c), and enter the total on Form 141AZ,
adjusted to determine the difference between Internal Revenue
page 2, Schedule A.
Code § 702(a)(8) and ARS § 43-1401(2). If the amount on line
However, if Form 165, Schedule K-1(NR) shows a loss, you
17 is a positive number, individual partners should enter this
may only claim such losses on your Arizona nonresident return
amount as an “other addition to income” on Form 140NR, line
to the extent that such losses are included in your federal
C20. Fiduciaries should enter a positive amount on line 17 as an
adjusted gross income (individuals) or federal taxable income
“other addition” on Form 141AZ, page 2, line B3. If the amount
(trust and estates). Therefore, if the loss is considered to be a
on line 17 is a negative number, individual partners should enter
passive activity loss for federal purposes, the loss will likewise
this amount as an “other subtraction from income” on Form
be considered to be a passive activity loss for Arizona purposes.
140NR, line D31. Fiduciaries should enter a negative amount
on line 17 as an “other subtraction” on Form 141AZ, page 2,
If you have a passive activity loss from a partnership that was
line B8.
derived from Arizona sources, you would not necessarily begin
INSTRUCTIONS FOR CORPORATE PARTNERS
the Arizona return with the amounts shown in column (c) of
Form 165, Schedule K-1(NR). For Arizona purposes, you must
Corporate partners should report the amount on line 17 of Form
fi rst determine if any portion of the loss shown on Form 165,
165, Schedule K-1(NR) according to the instructions for Form
Schedule K-1(NR) has been limited on your federal return
120 or Form 120A.
because of the federal passive activity loss rules.
The amount of passive activity loss which is derived from Arizona
sources is the amount of the passive activity loss which will be
allowed on the Arizona return. Therefore, any portion of the
passive activity loss which is not allowed on the federal return
due to the passive activity loss limitations will likewise be limited
on the Arizona return. That portion of the passive activity loss
derived from Arizona sources which is required to be carried
forward for federal purposes will similarly be carried forward for
Arizona purposes.
ADOR 10345 (11)

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