Instructions For Arizona Form 140 - Resident Personal Income Tax Return - 2014 Page 7
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a stillborn child, enter the date of birth resulting in the
Line 14 - Ordinary Income Portion of Lump-Sum
stillbirth.
Distributions Excluded on Your Federal Return
Check the box if this person did not qualify as a
e)
Use line 14 if you use federal averaging for lump-sum
dependent on your federal return.
distributions from your pension or profit-sharing plan.
f)
Check the box if you did not claim this person (student)
Arizona law does not provide for averaging. Enter the
as an dependent on your federal return in order to allow
amount of the distribution that you treated as ordinary
that student to claim a federal education credit on the
income on your federal return. If you choose to treat the
student’s federal return..
capital gain portion of the distribution as ordinary income,
You may lose the exemption if you do not furnish this
you must also include that amount.
information.
For more information, see the department’s Income Tax
Enter the total number of dependents listed in Box 10.
Ruling ITR 93-5.
Qualifying parents and grandparents
Line 15 - Total Federal Depreciation
Enter the following.
Enter the total amount of depreciation deducted on the
a) The name of the qualifying parent or grandparent.
federal return. If you make an entry here, you should also take
b) The SSN of the qualifying parent or grandparent.
a subtraction on line 24. To figure how much you should
c) The qualifying parent’s or grandparent’s relationship to
subtract, see the instructions for line 24.
you, or your spouse if filing a joint return.
NOTE: You may take a subtraction, on line 25, for Arizona
d) The number of months the qualifying parent or
bonus depreciation on assets placed in service during 2013.
grandparent lived in your home during 2014.
For more information, see the department’s income tax
procedure, ITP 14-3.
e) Check the box if this person is age 65 or older.
f)
Check the box if this person died in 2014.
Line 16 - Other Additions to Income
You may lose the exemption if you do not furnish this
Use line 16 if any of the special circumstances below apply.
information.
Include your own schedule with your return explaining any
Enter the total number of qualifying parents and/or
amounts entered here.
grandparents listed in Box 11.
You may either add or subtract items A through C below on
line 16 or 35, respectively, depending on your situation.
Totaling Your Income
A. Married Persons Filing Separate Returns
Line 12 - Federal Adjusted Gross Income
If you file a separate Arizona return, you must report the
following income on that return.
You must complete your federal return before you enter an
amount on line 12. You must complete a 2014 federal return
One-half of the community income from all sources.
to determine your federal adjusted gross income, even if you
All of your separate income.
are not filing a federal return.
If you and your spouse file a joint federal return but separate
Arizona uses federal adjusted gross income as a starting
Arizona returns, you must make sure that each separate return
point to determine Arizona taxable income. Your federal
reflects the correct income. If you begin your Arizona return
adjusted gross income is your Arizona gross income.
with only the income that you earned during the year, you
NOTE: Be sure to use your federal adjusted gross income
will have to adjust this income.
and not your federal taxable income.
If you file separate federal returns, each of your federal returns
If the amount on line 12 is more than $75,000 ($150,000 if
should already reflect the correct income. Since your separate
filing a joint return), you may need to make estimated
Arizona returns will begin with the federal adjusted gross
payments. See "Do You Need to Make Estimated Payments
income, you will not have to adjust your income.
in 2015?" instructions on page 4.
If you have to adjust your income, include a schedule
Additions to Income
showing how you figured your adjustment.
For more
information, see the department’s publication, Pub. 200.
Line 13 - Non-Arizona Municipal Interest
B. Partnership Income
Enter the amount of interest income from non-Arizona
Use this adjustment if your Arizona Form 165, Schedule K-
municipal bonds that you did not include as income on your
1, shows a difference between federal and state distributable
federal return.
income.
You may exclude any expenses incurred to purchase or carry the
If the difference reported on your Arizona Form 165,
obligation. Reduce the interest income by the amount of those
Schedule K-1, is a positive number, enter that difference as
expenses that you could not deduct on your federal return.
an addition. Enter the addition on line 16.
If you received tax exempt interest from municipal bonds,
If the difference reported on your Arizona Form 165,
include a schedule listing the payors and the amount
Schedule K-1, is a negative number, enter that difference as
received from each payor. You may also want to include
a subtraction. Enter the subtraction on line 35.
supporting documents for amounts received from Arizona
municipal bonds that are exempt from Arizona income tax.
These may be items such as bank statements, brokerage
statements, etc.
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