Instructions For Form 165 - Arizona Partnership Income Tax Return - 2014 Page 13

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Arizona Form 165
Lines 1 through 5 - Capital Gain (Loss) Reported on
Line 7 - Long-Term Capital Loss Carryover
Federal Schedule D
If the partnership used a long-term capital loss carryover from
a previous tax year to reduce its long-term capital gain for the
Enter the long-term capital gain (loss) from each federal form
current taxable year, enter the amount used to apply to gains
listed that was reported on the partnerhsip’s federal Schedule D
from assets acquired before January 1, 2012, in column (b).
and included on Schedule K of federal Form 1065.
Line 8 - Net Long-Term Capital Gain (Loss)
Line 6 - Subtotal
Subtract line 7 from line 6 and enter the difference in each
For each column, add the amounts on lines 1 through 5 and
column.
enter the total.
For each partner, enter the distributive share of the amounts
in each column on line 8 of the worksheet on Part II of
Arizona Form 165, Schedule K-1 or on Part III of Arizona
Form 165, Schedule K-1(NR).
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