Arizona Form 140py - Part-Year Resident Personal Income Tax Return - 2013 Page 9
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29Arizona Form 140PY
difference that is allocable to partnership income taxable by
NOTE: The following are not withdrawals. Do not enter
Arizona as an addition. Enter the addition on line C23.
any of the following.
If the difference reported on your Arizona Form 165,
Amounts from the MSA used to pay qualified medical
Schedule K-1, is a negative number, enter that portion of the
expenses
difference that is allocable to partnership income taxable by
A qualified return of excess contributions
Arizona as a subtraction. Enter the subtraction on line D35.
A qualified rollover
G. Agricultural Water Conservation System Credit
The fair market value of an MSA received by a surviving
If you claim this credit on AZ Form 312, you cannot deduct
spouse who was the deceased account holder's named
any expenses for which you claim the credit. If you take this
beneficiary
credit, enter the amount of such expenses that you deducted
For more information about the above items, see the
on your federal return.
department's Medical Savings Account brochure, Pub 542.
H. Items Previously Deducted for Arizona Purposes
E. Pensions (First Payment Received Prior to 1979)
Arizona statutes prohibit a taxpayer from deducting items
Prior to 1979, we treated pension income differently than the
more than once. However, under the operation of former
IRS.
For federal purposes, you could have excluded a
Arizona law (1989 and prior), you could deduct certain
portion of the cost of the pension from the pension payment
items in greater amounts for Arizona purposes than federal
included on your federal return. For Arizona purposes, the
purposes. Investment interest and passive activity losses
payments were excluded from Arizona gross income until
were such items. In some cases, you could have deducted
you recovered the cost. After recovering the cost, you must
such amounts in their entirety on the Arizona return. For
include the rest of the payments in Arizona gross income.
federal purposes, the deduction for these items was limited,
If you received the first payment prior to December 31,
with the unused portions being carried forward and deducted
1978, you may have to make an addition to income.
in future years.
Complete the worksheet below to figure your addition. The
Your Arizona return may include these previously deducted
addition is equal to the total payments received during the
items because of the difference between the federal and
taxable year that are more than the cost.
former Arizona treatment. If your Arizona taxable income
includes items previously deducted for Arizona purposes,
Complete this worksheet only if both of the following apply.
you must add such amounts to your Arizona gross income.
1. Arizona taxed your pension for years before 1979; and
I. Claim of Right Adjustment for Amounts Repaid in
2. You reported that pension on your federal return using
2013
the percentage exclusion method.
You must make an entry here if all of the following apply.
Do not complete the worksheet if either of the following
1. During 2013, you were required to repay amounts held
applies.
under a claim of right.
1. You reported your pension income as fully taxable on
2. The amount required to be repaid was subject to
your federal return.
Arizona income tax in the year included in income.
2. You reported your pension income on your federal
3. The amount required to be repaid during 2013 was more
return under the "three-year-rule.”
than $3,000.
4. You took a deduction for the amount repaid on your
Pension Adjustment Worksheet
2013 federal income tax return.
1. Your contribution to the pension.
5. The deduction taken on your federal income tax return
2. Pension amount received in prior years.
is reflected in your Arizona taxable income.
If the above apply, enter the amount deducted on your
3. Remainder of cost (line 1 minus line 2 but
federal income tax return which is reflected in your Arizona
not less than zero).
taxable income.
4. Pension amount received this year.
For more information on the Arizona claim of right
provisions, see Arizona Department of Revenue Individual
5. Subtract line 3 from line 4 (but not less
Income Tax Procedure ITP 95-1.
than zero).
J. Claim of Right Adjustment for Amounts Repaid
6. Enter the pension amount taxable on your
in Prior Taxable Years
federal return.
You must make an entry here if all of the following apply.
7. Subtract line 6 from line 5.
1. During a year prior to 2013 you were required to repay
If line 7 is more than zero, enter the amount on line 7 as an
income held under a claim of right.
addition to income. Enter the addition on line C23.
2. You computed your tax for that prior year under
Keep this worksheet for your records.
Arizona's claim of right provisions.
3. A net operating loss or capital loss was established due
F. Partnership Income
to the repayment made in the prior year.
Depending on your situation, you may either add (line C23)
4. You are entitled to take that net operating loss or capital
or subtract (line D35) this amount.
loss carryover into account when computing your 2013
Use this adjustment if your Arizona Form 165, Schedule K-1,
Arizona taxable income.
shows a difference between federal and state distributable
5. The amount of the loss carryover included in your
income.
Arizona gross income is more than the amount allowed
If the difference reported on your Arizona Form 165,
to be taken into account for Arizona purposes.
Schedule K-1, is a positive number, enter that portion of the
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