Arizona Form 165 - Schedule K-1(Nr) - Arizona Nonresident And Out-Of-State Partner'S Share Of Income And Deductions - 2013 Page 2
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1
2
3Name of Partnership (as shown on page 1)
Employer Identification Number
Part III: Net Long-Term Capital Gain Subtraction – Information Schedule
INSTRUCTIONS FOR THE PARTNERSHIP:
Beginning in 2013, Arizona allows a subtraction from Arizona gross income for a percentage of any net long-term capital gain from assets
acquired after December 31, 2011, and included in the individual taxpayer’s federal adjusted gross income or the federal taxable income
of the estate or trust. Although the subtraction is only available to individuals, estates and trusts, a partner that is a pass-through entity
(estate, partnership, S corporation or trust) will need this information to calculate the subtraction for the estate or trust or complete the
Arizona Form 141AZ, Schedule K-1 or Schedule K-1(NR), for each beneficiary; or Arizona Form 120S, Schedule K-1 or Schedule K-1(NR),
for each shareholder; or Arizona Form 165, Schedule K-1 or Schedule K-1(NR), for each partner.
If the partner’s federal Schedule K-1 (Form 1065) includes capital gain (loss), complete line 18, columns (a) through (d). If the partner’s
federal Schedule K-1 (Form 1065) does not include any capital gain (loss), the partnership is not required to complete Part III.
(a)
(b)
(c)
(d)
Net long-term capital
Net long-term capital
gain (loss) included
gain (loss) included
Distributive Share
Arizona Source Income
in column (b) from
in column (b) from
Amount from page 1,
from page 1, line 9,
assets acquired before
assets acquired after
Item From Federal Form 1065, Schedule K-1
line 9, column (a)
column (c)
January 1, 2012
December 31, 2011
18 Total net long-term capital gain (loss) ............
18
INSTRUCTIONS FOR THE INDIVIDUAL PARTNER:
To determine if you qualify to take a subtraction from income on your Arizona personal income tax return, the individual partner must
complete the Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011. The worksheet is
included in the instructions for the nonresident income tax return (Arizona Form 140NR).
Nonresidents use only the amount of Arizona-sourced, net long-term capital gain (loss) entered on line 18, column (d) to figure the
allowable subtraction on the worksheet that is included with Arizona Form 140NR.
INSTRUCTIONS FOR THE FIDUCIARY PARTNER:
If the net long-term capital gain (loss) on Part III, line 18, above, is taxed at the estate or trust level, use the information above to complete
the Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011, included in the instructions of
Arizona Form 141AZ for the estate or trust.
If the net long-term capital gain (loss) on Part III, line 18, above, is distributed to the beneficiaries, use the information above to complete
the Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011, included in the instructions of
Arizona Form 141AZ. The worksheet will assist the estate or trust in completing the Net Long-Term Capital Gain Subtraction – Information
Schedule on Arizona Form 141AZ, Schedule K-1 or Schedule K-1(NR), for each beneficiary.
INSTRUCTIONS FOR THE PARTNERSHIP OR S CORPORATION PARTNER:
The information in Part III, above, should be used to complete the Worksheet for Net Long-Term Capital Gain Subtraction for Assets
Acquired After December 31, 2011, included in the instructions of Arizona Form 165 or Arizona Form 120S. The worksheet will assist
the partnership or S corporation in completing the Net Long-Term Capital Gain Subtraction – Information Schedule on Arizona Form 165,
Schedule K-1 or Schedule K-1(NR), for each partner; or Arizona Form 120S, Schedule K-1 or Schedule K-1(NR), for each shareholder.
INSTRUCTIONS FOR THE C CORPORATION OR EXEMPT ORGANIZATION PARTNER:
A subtraction is not allowed for a C corporation or an exempt organization. The information in Part III, above, is informational only, and
not required to be reported by the C corporation or exempt organization.
Print
ADOR 10345 (13)
AZ Form 165, Schedule K-1(NR) (2013)
Page 2 of 2
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