Instructions For Arizona Form 140nr - Nonresident Personal Income Tax Return

Form 140NR



Column (d) is the amount of the long-term capital gains

Instructions for completing the worksheet

or (losses), included in column (c) for assets acquired

for the subtraction from Arizona gross

before January 1, 2012.

income for net long-term capital gain from



Column (e) is the amount of the long-term capital gains

assets acquired after December 31, 2011.

or (losses), included in column (c) for assets acquired

after December 31, 2011.

Purpose of the Worksheet

Lines 1 through 8 - Capital Gains or (Losses)

You may subtract a percentage of any net long-term capital

Reported on federal Schedule D.

gain included in your federal adjusted gross income that is

Enter the long-term capital gain or (loss) from the federal

from an investment in an asset acquired after December 31,

form listed that was reported on your federal Schedule D and

2011.

included in the computation of your federal adjusted gross

As a nonresident, you may take the allowable subtraction for

income.

only those qualified net long-term capital gains that are from

Line 9 - Long-Term Capital Gains or (Losses)

Arizona sources.

Enter the long-term capital gain or (loss) reported on

To take the allowable subtraction, you must know whether

Form(s) 1099-DIV and included in your computation of

the capital gain or (loss) is considered short-term or long-

federal adjusted gross income.

term.

Only the net long-term capital gain from assets

acquired after December 31, 2011, is used in the

Note: Some taxpayers are not required to file Schedule D to

computation for the subtraction.

report certain capital gains or (losses). In these cases, the

long-term capital gains or (losses) are reported directly on

For more information about determining whether a gain or

the taxpayer’s income tax return. Enter those items on line

(loss) is short term or long term, see federal Publication 544

9 of the worksheet.

When Should the Worksheet be Complete?

Line 10 - Subtotal

You must complete this worksheet to take the allowable

For each column, combine the amounts listed on lines 1

subtraction if you have a net capital gain included in your

through 9 and enter the total.

federal adjusted gross income and the gain includes assets

Line 11 - Long-Term Capital (Loss) Carryover

purchased after December 31, 2011.

If you used a long-term capital loss carryover from previous

Do not complete this worksheet if either of the following

tax years to reduce your long-term capital gains for the

applies.

current taxable year, enter the amount used to apply to gains



You do not have any capital gains to report for the

from assets acquired before January 1, 2012, in columns (c)

current tax year; or

and (d).



You do not have any net capital gain from asset(s)

Line 12 -

acquired after December 31, 2011, to report for the

Subtract line 11 from line 10 and enter the difference in

current tax year.

applicable column.

General Instructions

Line 13 -

1. Enter your name and social security number as shown on

To determine the amount to enter on line 13, columns (a),

Form 140NR, page 1.

(b) and (c); answer the following questions.

2. Check the box if this worksheet is for an original or an

Did you take a subtraction for any net capital gain included

amended return.

in federal adjusted gross income for the taxable year derived

3. Keep this worksheet for your records.

from investment in a qualified small business on Arizona

Line-by-Line instructions

Form 140NR, page 1, line 36?



If “No”, enter zero on line 13.

Columns (a) through (e)



If “Yes”, does that amount include any net long-term

Column (a), lines 1 through 8, lists the federal forms

capital gain from an investment made after December

reported on Schedule D.

Line 9 identifies the total

31, 2011?

capital gain distributions reported on Form(s) 1099-DIV.



If “No”, enter zero on line 13.

Column (b) is the total amount of long-term capital



If “Yes”, enter the amount of any net long-term

gains or (losses) reported on Schedule D or other

capital gain from an investment made after

forms/schedules.

December 31, 2011, and included in the



Column (c) is the amount of long-term capital gains or

amount subtracted on Arizona Form 140NR,

(losses) included in column (b) from Arizona sources.

line 36.

Instructions For Arizona Form 140nr - Nonresident Personal Income Tax Return - 2014 Page 21

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