Arizona Form 140py - Part-Year Resident Personal Income Tax Return - 2013 Page 29
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Column (c) is the amount of long-term capital gains or
Instructions for completing the worksheet for the
(losses) included in column (b) from the following.
subtraction from Arizona gross income for any net
Only those qualified net long-term capital gains
long-term capital gain from assets acquired after
sourced to Arizona during the period that you were
December 31, 2011.
an Arizona nonresident.
Purpose of the Worksheet
All qualified net long-term capital gains during the
period that you were an Arizona resident.
Beginning 2013, you may subtract a percentage of any net
long-term capital gain included in your federal adjusted
Column (d) is the amount of the long-term capital gains
gross income that is from an investment in an asset acquired
or (losses), included in column (c) for assets acquired
after December 31, 2011.
before January 1, 2012.
For purposes of this subtraction, “qualified” means an
Column (e) is the amount of the long-term capital gains
Arizona asset that was acquired after December 31, 2011.
or (losses), included in column (c) for assets acquired
after December 31, 2011.
As a part-year resident, you may take the allowable
subtraction for only those qualified net long-term capital
Lines 1 through 8 - Capital Gains or (Losses)
gains that are from the following.
Reported on Federal Schedule D
Only those qualified net long-term capital gains sourced
Enter the long-term capital gain or (loss) from the federal
to Arizona during the period that you were an Arizona
form listed that was reported on your federal Schedule D and
nonresident.
included in the computation of your federal adjusted gross
income.
All qualified net long-term capital gains during the
period that you were an Arizona resident.
Line 9 - Long-Term Capital Gains or (Losses)
To take the allowable subtraction, you must know whether
Enter the long-term capital gain or (loss) reported on
the capital gain or (loss) is considered short-term or long-
Form(s) 1099-DIV and included in your computation of
term.
Only the net long-term capital gain from assets
federal adjusted gross income.
acquired after December 31, 2011, is used in the
Note: Some taxpayers are not required to file Schedule D to
computation for the subtraction.
report certain capital gains or (losses). In these cases, the
For more information about determining whether a gain or
long-term capital gains or (losses) are reported directly on
(loss) is short term or long term, see federal Publication 544
the taxpayer’s income tax return. Enter those items on line
at
9 of the worksheet.
Who Should Complete the Worksheet?
Line 10 - Subtotal
You must complete this worksheet to take the allowable
For each column, combine the amounts listed on lines 1
subtraction if you have a net capital gain included in your
through 9 and enter the total.
federal adjusted gross income and the gain includes assets
purchased after December 31, 2011.
Line 11 - Long-Term Capital (Loss) Carryover
Do not complete this worksheet if either of the following
If you used a long-term capital loss carryover from previous
applies.
tax years to reduce your long-term capital gains for the
You do not have any capital gains to report for the
current taxable year, enter the amount used to apply to gains
current tax year; or
from assets acquired before January 1, 2012, in columns (c)
and (d).
You do not have any net capital gain from asset(s)
acquired after December 31, 2011, to report for the
For tax year 2013, there should be no amount entered on line
current tax year.
11, column (e).
General Instructions
Line 12 – Current Year Net Long-Term Capital
Gain or (Loss)
1.
Enter your name and social security number as shown on
Subtract line 11 from line 10 and enter the difference in each
Form 140PY, page 1.
applicable column.
2. Check the box if this worksheet is for an original or an
If the amount on line 12, column (e) is a net capital
amended return.
(loss), you do not qualify to take the subtraction.
3. Keep this worksheet for your records.
If the amount on line 12, column (e) is a net capital
Line-by-Line instructions
gain, enter the amount on Form 140PY, page 2, line
E39.
Columns (a) through (e)
Also enter the amount from line 12, column (c) on Form
Column (a), lines 1 through 8, lists the federal forms
140PY, page 2, line E38.
reported on Schedule D.
Line 9 identifies the total
capital gain distributions reported on Form(s) 1099-
DIV.
Column (b) is the total amount of long-term capital
gains or (losses) reported on Schedule D or other
forms/schedules.
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