Resident Personal Income Tax Booklet (Arizona Form 140) - 2013 Page 14
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56Arizona Form 140
108(i) (for 2009 or 2010), the taxpayer was not allowed to take
that is included in the computation of your federal adjusted
a deduction with respect to the portion of any OID that accrued
gross income. Include the amount of the loss on line B11.
with respect to that DOI income, during the income deferral
NOTE:
If the Arizona nonprofit medical marijuana
period. In this case, the taxpayer had to deduct the aggregate
dispensary is registered with the Arizona Department of
amount of the OID deductions disallowed ratably over a 5 year
Health
Services
as
anything
other
than
a
sole
period, beginning with the period in which the income was
proprietorship, this addition does not apply.
includible in federal adjusted gross income.
V. Other Adjustments
Arizona did not adopt the federal provisions requiring a
taxpayer to defer the OID deduction in cases where the
Other special adjustments may be necessary. You may need
taxpayer federally deferred the DOI income. For Arizona
to make an addition for depreciation or amortization. You
purposes, you had to report the DOI income from a debt
may also need to make an addition if you claimed certain tax
reacquisition in the year in which you reacquired the debt, and
credits. Call one of the numbers listed on the back cover if
you were allowed to subtract any OID related to that DOI
any of the following apply.
income in the year the OID accrued. If your federal adjusted
x
You are a qualified defense contractor that elected to
gross income includes a deduction for any accrued OID that
amortize under A.R.S. section 43-1024.
you have already subtracted for Arizona purposes, you must
x
You sold or disposed of property that was held for the
make an addition to Arizona income for the amount of
production of income and your basis was computed
deferred OID deducted on your federal return. Generally, this
under the Arizona Income Tax Act of 1954.
addition will not apply until taxable year 2014 through 2018.
x
However, if you were required to accelerate reporting of the
You claimed the environmental technology facility credit.
DOI income for federal purposes and were allowed to deduct
x
You claimed the pollution control credit.
accrued OID attributable to that income on a return filed for a
x
You claimed the recycling equipment credit.
year prior to 2014; this addition may apply to an earlier year.
On line B11, enter the amount of any previously deferred OID
x
You claimed the agricultural pollution control equipment
that you deducted in computing your 2013 federal adjusted
credit.
gross income, to the extent that the amount was previously
x
You elected to amortize the basis of a pollution control
subtracted from Arizona gross income.
device or the cost of a child care facility under Arizona
R. Early Withdrawal of Arizona, County, City, or
law in effect before 1990. You are still deducting
School Retirement System Contributions
amortization or depreciation for that device or facility
If you meet all of the following, you must enter an amount
on your federal income tax return.
here.
Line B12 - Total Additions
1. You left your job with the State of Arizona or an
Add lines B6 through B11. Enter the total on line B12 and
Arizona county, city, or school district for reasons other
on the front of your return on line 13.
than retirement.
2. When you left, you took out the contributions you had
Part C: Subtractions from Income
made to the retirement system while employed.
You may only subtract those items for which statutory authority
3. You deducted these contributions on your Arizona
income tax returns that you filed for prior years.
exists. You cannot take a subtraction without such authority.
4. You did not include these contributions in your federal
If you have any questions concerning subtractions from
adjusted gross income this year.
income, call one of the numbers listed on the back cover.
If you meet all these tests, you must report as income those
NOTE: You may not subtract any amount that is allocable
contributions previously deducted on your prior years'
to income excluded from your Arizona taxable income.
Arizona tax returns.
Line C13 - Exemption: Age 65 or Over
For details, see the Income Tax Ruling ITR 93-7.
Multiply the number in box 8 on the front of your return by
S. Qualified Health Insurance Plans
$2,100 and enter the result.
If you claimed a credit on AZ Form 347, you may not deduct
Line C14 - Exemption: Blind
any expenses for which you claim the credit. If you take this
Multiply the number in box 9 on the front of your return by
credit, enter the amount of such expenses that you deducted
$1,500 and enter the result.
on your federal return.
Line C15 - Exemption: Dependents
T. AZ Long-Term Health Care Savings Accounts
(AZLTHSA) Withdrawals
Multiply the number in box 10 on the front of your return by
$2,300 and enter the result.
You must add amounts withdrawn from your AZLTHSA if
Line C16 - Exemption: Qualifying Parents and
you withdrew money for purposes other than paying for
Grandparents
qualified long-term health care expenses.
Multiply the number in box 11 on the front of your return by
U.
Sole
Proprietorship
Loss
of
an
Arizona
$10,000 and enter the result.
Nonprofit Medical Marijuana Dispensary included
Line C17 - Total Exemptions
in Federal Adjusted Gross Income
Add lines C13 through C16 and enter the total. If you have
If you are registered as an Arizona sole proprietorship with
no other subtractions from income, skip lines C18 through
the Arizona Department of Health Services to operate in this
C30 and enter this total on Form 140, page 1, line 15.
state as a nonprofit medical marijuana dispensary, you are
required to add the amount of the loss from the dispensary
10
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