Resident Personal Income Tax Booklet (Arizona Form 140) - 2013 Page 12
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56Arizona Form 140
Do not complete the worksheet if either of the following applies.
If the amount reported on line 3 of your Arizona Form 141AZ,
Schedule K-1, is a negative number, enter that amount as a
1. You reported your pension income as fully taxable on
your federal return.
subtraction. Enter the subtraction on line C29.
2. You reported your pension income on your federal
E. Net Operating Losses
return under the "three-year-rule".
Arizona does not have specific provisions for calculating the
net operating loss of an individual. Generally, the amount of
Pension Adjustment Worksheet - Line B11
net operating loss deduction included in your federal
(Keep this worksheet for your records).
adjusted gross income is the amount allowable for Arizona
1. Your contribution to the pension.
1.
purposes. However, there are instances when the amount
allowable for Arizona purposes may be different.
2. Pension amount received in prior
years.
2.
You must adjust the amount of net operating loss deduction
3. Remainder of cost (line 1 minus
included in your federal adjusted gross income if you have
line 2 but not less than zero).
3.
already deducted any amount of the net operating loss
4.
Pension amount received this year.
4.
included in your federal adjusted gross income for Arizona
5. Subtract line 3 from line 4 (but not
purposes. In this case, enter on line B11, the amount of net
less than zero).
5.
operating loss included in your federal adjusted gross income
6. Enter the pension amount taxable
which you previously deducted for Arizona purposes.
on your federal return.
6.
Usually, Arizona conforms to the federal net operating loss
7. Subtract line 6 from line 5.
7.
provisions, including the carryback provisions.
However,
If line 7 is more than zero, enter the amount on line 7 as an
Arizona did not conform to the special federal net operating
addition to income. Enter the addition on line B11.
loss rules for 2008 and 2009. Under the special rules for
B. Married Persons Filing Separate Returns
2008 and 2009, you could have elected to carry the net
If you file a separate Arizona return, you must report the
operating loss back for 3, 4 or 5 years, instead of the normal
following income on that return.
2 years. This election would have been allowed under IRC §
x
One-half of the community income from all sources.
172(b)(1)(H) as amended by the American Recovery and
x
All of your separate income.
Reinvestment Act of 2009 or the Worker, Homeownership,
and Business Assistance Act of 2009.
If you deducted a
If you and your spouse file a joint federal return but separate
federal net operating loss carryback under the federal
Arizona returns, you must make sure that each separate return
American Recovery and Reinvestment Act of 2009 or the
reflects the correct income. If you begin your Arizona return
federal Worker, Homeownership, and Business Assistance
with only the income that you earned during the year, you
Act of 2009, see the instructions for line C28.
will have to adjust this income.
For information on deducting a net operating loss carryback in
If you file separate federal returns, each of your federal returns
cases where you did not make an election under IRC §
should already reflect the correct income. Since your separate
172(b)(1)(H), see the department’s Income Tax Procedure
Arizona returns will begin with the federal adjusted gross
ITP 99-1 .
income, you will not have to adjust your income.
F. Items Previously Deducted for Arizona Purposes
If you have to adjust your income, attach a schedule showing
Arizona statutes prohibit a taxpayer from deducting items more
how you figured your adjustment.
than once. However, under the operation of former Arizona law
(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
items. In some cases, you could have deducted such amounts
income.
in their entirety on the Arizona return. For federal purposes,
If the difference reported on your Arizona Form 165,
the deduction for these items was limited, with the unused
Schedule K-1, is a positive number, enter that difference as
portions being carried forward and deducted in future years.
an addition. Enter the addition on line B11.
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
includes items previously deducted for Arizona purposes,
a subtraction. Enter the subtraction on line C29.
you must add such amounts to your Arizona gross income.
D. Fiduciary Adjustment
G. Claim of Right Adjustment for Amounts Repaid
A fiduciary uses Form 141AZ, Schedule K-1, to report to you
in 2013
.
your share of the fiduciary adjustment from the trust or estate
You must make an entry here if all of the following apply.
Line 3 of Form 141AZ, Schedule K-1, shows your share of
1. During 2013, you were required to repay amounts held
the fiduciary adjustment from the estate or trust. If the
under a claim of right.
amount reported on line 3 of your Arizona Form 141AZ,
2. The amount required to be repaid during 2013 was more
than $3,000.
Schedule K-1, is a positive number, enter that amount as an
addition. Enter the addition on line B11.
3. You took a deduction for the amount repaid on your 2013
federal income tax return.
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