Arizona Form 140 - Resident Personal Income Tax Return - 2013 Page 8
Download a blank fillable Arizona Form 140 - Resident Personal Income Tax Return - 2013 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Arizona Form 140 - Resident Personal Income Tax Return - 2013 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28Arizona Form 140
Do not complete the worksheet if either of the following applies.
E. Net Operating Losses
1. You reported your pension income as fully taxable on
Arizona does not have specific provisions for calculating the
your federal return.
net operating loss of an individual. Generally, the amount of
2. You reported your pension income on your federal
net operating loss deduction included in your federal
return under the "three-year-rule".
adjusted gross income is the amount allowable for Arizona
purposes. However, there are instances when the amount
Pension Adjustment Worksheet - Line B11
allowable for Arizona purposes may be different.
(Keep this worksheet for your records).
You must adjust the amount of net operating loss deduction
1. Your contribution to the pension.
1.
included in your federal adjusted gross income if you have
2. Pension amount received in prior
already deducted any amount of the net operating loss
years.
2.
included in your federal adjusted gross income for Arizona
3. Remainder of cost (line 1 minus
purposes. In this case, enter on line B11, the amount of net
line 2 but not less than zero).
3.
operating loss included in your federal adjusted gross income
4.
Pension amount received this year.
4.
which you previously deducted for Arizona purposes.
5. Subtract line 3 from line 4 (but not
Usually, Arizona conforms to the federal net operating loss
less than zero).
5.
provisions, including the carryback provisions.
However,
6. Enter the pension amount taxable
on your federal return.
6.
Arizona did not conform to the special federal net operating
7. Subtract line 6 from line 5.
7.
loss rules for 2008 and 2009. Under the special rules for
If line 7 is more than zero, enter the amount on line 7 as an
2008 and 2009, you could have elected to carry the net
addition to income. Enter the addition on line B11.
operating loss back for 3, 4 or 5 years, instead of the normal
B. Married Persons Filing Separate Returns
2 years. This election would have been allowed under IRC §
172(b)(1)(H) as amended by the American Recovery and
If you file a separate Arizona return, you must report the
following income on that return.
Reinvestment Act of 2009 or the Worker, Homeownership,
One-half of the community income from all sources.
and Business Assistance Act of 2009.
If you deducted a
All of your separate income.
federal net operating loss carryback under the federal
If you and your spouse file a joint federal return but separate
American Recovery and Reinvestment Act of 2009 or the
Arizona returns, you must make sure that each separate return
federal Worker, Homeownership, and Business Assistance
reflects the correct income. If you begin your Arizona return
Act of 2009, see the instructions for line C28.
with only the income that you earned during the year, you
For information on deducting a net operating loss carryback
will have to adjust this income.
in cases where you did not make an election under IRC §
If you file separate federal returns, each of your federal returns
172(b)(1)(H), see the department’s Income Tax Procedure
should already reflect the correct income. Since your separate
ITP 99-1 .
Arizona returns will begin with the federal adjusted gross
F. Items Previously Deducted for Arizona Purposes
income, you will not have to adjust your income.
Arizona statutes prohibit a taxpayer from deducting items more
If you have to adjust your income, attach a schedule showing
than once. However, under the operation of former Arizona law
how you figured your adjustment.
(1989 and prior), you could deduct certain items in greater
C. Partnership Income
amounts for Arizona purposes than for federal purposes.
Use this adjustment if your Arizona Form 165, Schedule K-1,
Investment interest and passive activity losses were such
shows a difference between federal and state distributable income.
items. In some cases, you could have deducted such amounts
If the difference reported on your Arizona Form 165,
in their entirety on the Arizona return. For federal purposes,
Schedule K-1, is a positive number, enter that difference as
the deduction for these items was limited, with the unused
an addition. Enter the addition on line B11.
portions being carried forward and deducted in future years.
Your Arizona return may include these previously deducted
If the difference reported on your Arizona Form 165,
items because of the difference between the federal and
Schedule K-1, is a negative number, enter that difference as
former Arizona treatment. If your Arizona taxable income
a subtraction. Enter the subtraction on line C29.
includes items previously deducted for Arizona purposes,
D. Fiduciary Adjustment
you must add such amounts to your Arizona gross income.
A fiduciary uses Form 141AZ, Schedule K-1, to report to you
G. Claim of Right Adjustment for Amounts Repaid
.
your share of the fiduciary adjustment from the trust or estate
in 2013
Line 3 of Form 141AZ, Schedule K-1, shows your share of
You must make an entry here if all of the following apply.
the fiduciary adjustment from the estate or trust. If the
1. During 2013, you were required to repay amounts held
amount reported on line 3 of your Arizona Form 141AZ,
under a claim of right.
Schedule K-1, is a positive number, enter that amount as an
2. The amount required to be repaid during 2013 was more
addition. Enter the addition on line B11.
than $3,000.
If the amount reported on line 3 of your Arizona Form 141AZ,
3. You took a deduction for the amount repaid on your 2013
Schedule K-1, is a negative number, enter that amount as a
federal income tax return.
subtraction. Enter the subtraction on line C29.
8
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial