Instructions For Arizona Schedule K-1 (Nr) (Form 141az) - Nonresident Beneficiary'S Share Of Income And Share Of Fiduciary Adjustment - 2014

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2014 Nonresident Beneficiary's
Arizona Schedule
Share of Income and Share of Fiduciary Adjustment
141AZ K-1 (NR)
Line 4 -
Phone Numbers
Enter the amount of line 3 related to Arizona source income
that is allocated to all nonresident beneficiaries.
For information or help, call one of the numbers listed:
Line 5 -
Phoenix
(602) 255-3381
Enter the amount of line 4 allocated to the beneficiary. If the
From area codes 520 and 928, toll-free
(800) 352-4090
result is a negative number, enter the number in brackets.
Tax forms, instructions, and other tax information
This is the beneficiary's share of the fiduciary adjustment.
If you need tax forms, instructions, and other tax
Instructions for Beneficiary
information,
go
to
the
department’s
website
at
The fiduciary uses Form 141AZ, Schedule K-1(NR), to
Income Tax Procedures and Rulings
report to you your share of the federal distributable income
from Arizona sources and your share of fiduciary adjustment
These instructions may refer to the department’s income tax
from the estate or trust.
procedures and rulings for more information. To view or
Do not file this Schedule K-1(NR) with your return. Keep
print these, go to our website and click on Legal Research
this Schedule K-1(NR) with your records. The fiduciary
then click on Procedures or Rulings and select a tax type
filed a copy of this form with the department.
from the drop down menu.
Nonresident individual beneficiaries should enter the amount
Publications and Brochures
from Form 141AZ, Schedule K-1(NR), line 2, on Arizona
To view or print the department’s publications and
Form 140NR, page 1, line 21, in the ARIZONA column.
brochures, go to our website and click on Publications.
Line 5 shows your share of the fiduciary adjustment from the
estate or trust. If the amount on line 5 is a positive number,
General Instructions for Fiduciary
you must report this amount as an addition to income on your
Arizona return. If you are a nonresident individual, report
Complete a Form 141AZ, Schedule K-1(NR), for each
this amount as an Other Addition to income on your Arizona
nonresident beneficiary.
Form 140NR, page 1, line 29.
File one copy of each Schedule K-1(NR) with the
If the amount on line 5 is a negative number, you must
fiduciary's Form 141AZ.
report this amount as a subtraction from income on your
Provide all nonresident beneficiaries with a copy of their
Arizona return. If you are a nonresident individual, report
Schedule K-1(NR). Keep a copy for your records.
this amount as an Other Subtraction from income on your
Foreign Addresses
Arizona Form 140NR, page 2, line 46.
If a beneficiary or the fiduciary has a foreign address, enter
Part 3 - Net Long-Term Capital Gain Subtraction
the information in the following order: city, province or
(Information Schedule)
state, and country. Follow the country’s practice for entering
Arizona allows a subtraction from Arizona gross income for
the postal code. Do not abbreviate the country’s name.
a percentage of any net long-term capital gain from assets
Line-by-Line Instructions
acquired after December 31, 2011, and included in the
individual’s Arizona gross income or the estate’s or trust’s
Part 1 - Beneficiary's Share of Federal
Arizona gross income.
Distributable Net Income From Arizona Sources
Instructions for Fiduciary
Instructions for Fiduciary
Line 1 -
Lines 6 through 9 -
Enter the federal distributable net income from Arizona
If the individual beneficiary’s federal Schedule K-1 (Form
sources. Enter the amount from Form 141AZ, Schedule D,
1041) includes an amount for any net long-term capital gain
line D9, column (c).
or (loss) from Arizona sources, complete lines 6 through 9 as
Line 2 -
instructed on page 2 of Form 141AZ, Schedule K-1(NR).
Enter the beneficiary’s share of federal distributable net
Instructions for Beneficiaries
income from Arizona sources.
Follow the instructions on page 2 of Form 141AZ, Schedule
Part 2 - Beneficiary's Share of Fiduciary
K-1 (NR).
Adjustment Related to Arizona Source Income
Line 3 -
Enter the net fiduciary adjustment to be allocated to the
beneficiaries from Form 141AZ, Schedule C, line C14. If
this is a negative amount, enter the amount in brackets.

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