Arizona Form 140py - Part-Year Resident Personal Income Tax Return

Arizona Form 140PY



You sold or disposed of property that was held for the

taxpayer federally deferred the DOI income. For Arizona

production of income and your basis was computed

purposes you were required to add the amount of deferred

under the Arizona Income Tax Act of 1954.

DOI income to Arizona gross income on the return filed for



You claimed the environmental technology facility credit.

the year in which you reacquired the debt instrument if the



debt reacquisition occurred while you were an Arizona

You claimed the pollution control credit.

resident, or if the DOI income was from an Arizona source.



You claimed the recycling equipment credit.

In this case, you were allowed to subtract any OID related to



You

claimed

the

agricultural

pollution

control

that DOI income in the year the OID accrued. (See the

equipment credit.

instructions for line D35, “Other Subtractions From Income.”)



You elected to amortize the basis of a pollution control

If your Arizona gross income includes a deduction for any

device or the cost of a child care facility under Arizona

accrued OID that you have already subtracted for Arizona

law in effect before 1990.

You are still deducting

purposes, you must make an addition to Arizona income for

amortization or depreciation for that device or facility

on your federal income tax return.

the amount of deferred OID deducted on your federal return

that you included in your Arizona gross income. Generally,

Line C24 - Total Additions

this addition will not apply until taxable year 2014 through

Add lines C21 through C23. Enter the total on line C24 and

2018. However, if you were required to accelerate reporting

on the front of your return on line 16.

of the DOI income for federal purposes and were allowed to

Part D - Subtractions From Income

deduct accrued OID attributable to that income on an

Arizona return filed for a year prior to 2014, this addition

You may only subtract those items for which statutory

may apply to an earlier year. On line C23, enter the amount

authority exists. Without such authority, you cannot take a

of any previously deferred OID that you deducted in

subtraction. If you have any questions concerning

computing your 2013 Arizona gross income, to the extent

subtractions from income, call one of the numbers listed on

that the amount was previously subtracted from Arizona

page 1.

gross income.

NOTE: You may not subtract any amount which is allocable to

T. Qualified Health Insurance Plans

income excluded from your Arizona taxable income.

If you claim a credit on AZ Form 347 for providing a

Line D25 - Exemption: Age 65 or Over

qualified health insurance plan for your employees who are

Multiply the number in box 8 on the front of your return by

Arizona residents, you may not deduct any expenses for

$2,100 and enter the result.

which you claim the credit. If you claim this credit, enter

Line D26 - Exemption: Blind

the amount of such expenses that you deducted on your

Multiply the number in box 9 on the front of your return by

federal return.

$1,500 and enter the result.

Sole

Proprietorship

Loss

Arizona

Line D27 - Exemption: Dependents

Nonprofit Medical Marijuana Dispensary Included

Multiply the number in box 10 on the front of your return by

in Federal Adjusted Gross Income

$2,300 and enter the result.

If you are registered as an Arizona sole proprietorship with

Line D28 - Exemption: Qualifying Parents and

the Arizona Department of Health Services to operate in this

Grandparents

state as a nonprofit medical marijuana dispensary, you are

Multiply the number in box 11 on the front of your return by

required to add the amount of the loss from the dispensary

$10,000 and enter the result.

that is included in the computation of your federal adjusted

Line D29 - Total Exemptions

gross income. Include the amount of the loss on line C23.

Add lines D25 through D28 and enter the total.

NOTE:

If the Arizona nonprofit medical marijuana

Line D30 - Prorated Exemptions

dispensary is registered with the Arizona Department of

Health

Services

anything

other

than

sole

Multiply the amount on line D29 by the Arizona percentage

proprietorship, this addition does not apply.

from line B20 and enter the result.

AZ Long-Term Health Care Savings Account

Active Duty Military Personnel Only: If you were an active

(AZLTHSA) Withdrawals

duty military member who either began or gave up Arizona

You must add amounts withdrawn from your AZLTHSA if

residency during 2013, do not prorate these exemptions. You

you used the money for purposes other than paying qualified

are allowed 100 percent deductions for the age 65, the blind,

long-term health care expenses. For more information, see

the dependent and qualifying parent and grandparent

A.R.S. § 43-1032.

exemptions. Enter the amount on line D29 (Total) on this line.

W. Other Adjustments

Line D31 - Interest on U.S. Obligations

Other special adjustments may be necessary. You may need

Enter the amount of interest income from U.S. Government

to make an addition for depreciation or amortization. You

obligations included on line B8 in the ARIZONA column.

may also need to make an addition if you claimed certain tax

U.S. Government obligations include obligations such as

credits. Call one of the numbers listed on page 1, if any of

U.S. savings bonds and treasury bills. You cannot deduct

the following apply.

any interest or other related expenses incurred to purchase or



You are a previously certified defense contractor that

carry the obligations. If such expenses are included in your

elected to amortize under A.R.S. section 43-1024.

Arizona gross income, you must reduce the subtraction by

Arizona Form 140py - Part-Year Resident Personal Income Tax Return - 2013 Page 11

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