Arkansas Individual Income Tax Forms And Instructions

LINE 9A. If you had U.S. Military Compen-

LINE 13. If you had business or professional in-

McFadden and Maples Claimants: If you

sation, enter gross income in space provided.

come and filed a federal Schedule C or C-EZ,

received a 1099-R and a claim was filed on your

You are entitled to a $9,000 exemption

enter the total dollar amount(s) of net income (or

behalf under McFadden v. Weiss or Maples v.

from your gross income. The balance is taxable.

loss) from your federal Schedule C or C-EZ. If you

Weiss your Arkansas basis (cost of contributions)

Attach W-2(s).

did not file a federal Schedule C or C-EZ, submit a

may have been fully recovered for tax purposes.

similar schedule and enter the net income (or loss).

If your basis has been fully recovered, enter

Filing Status 2 (Married Filing Joint):

If you filed a federal Schedule C or C-EZ,

the amount from Box 1 of your 1099-R as the

If you and your spouse both had U.S. Military

attach it to your return.

“Gross” and “Taxable Amount” on Line 17A or B.

Compensation, enter your total gross income

in the appropriate space provided on Line

Business income may not be split be-

LINE 17A. If you had income from an employ-

9A. You and your spouse are each entitled

tween you and your spouse unless a part-

ment-related pension plan or a qualified traditional

to an exemption from your respective gross

nership was legally established. Report

IRA distribution, enter the gross amount(s) from Box

incomes.

partnership income on Form AR1050 and attach

1 of your 1099-R(s) in the space provided. Enter

K-1(s) for each partner.

Enter U.S. Military Retirement on Line

the federal taxable amount from Box 2a of your

17A.

1099-R(s) in the space provided. If Box 2a is blank,

Include on Line 20, Other Income, any

use the Simplified Method Worksheet in the federal

federal/state depreciation differences.

LINE 9B. (Filing Status 4 Only) If your

1040 Instruction Booklet to calculate the taxable

spouse had U.S. Military Compensation,

amount of your distribution. You are entitled to a

$6,000 exemption from the taxable amount; the

enter gross income in the space provided. Your

LINE 14. If you had gains or losses from the sale

spouse is entitled to a $9,000 exemption

balance is taxable to Arkansas. Enter the balance

of real estate, stocks or bonds, or gains or losses

on Line 17A, Column A. Attach 1099-R(s).

from his/her gross income. The balance is taxable.

from capital assets from partnerships, S corpora-

Attach W-2(s).

tions, or fiduciaries, enter your taxable share.

FILING STATUS 2 (Married Filing Joint)

Adjust the amount of gain or loss for any

ONLY: If you and your spouse both had income

Enter U.S. Military Retirement on Line

federal/state depreciation differences.

17B.

from a retirement plan and/or qualified traditional

IRA distribution, enter the combined gross income

If, after the netting process, you had a capital gain

HOME OF RECORD OTHER THAN ARKAN-

amount from Box 1 of your 1099-R(s). Enter the

or loss reported on federal Schedule D or on

SAS: If your Home of Record is not Arkansas,

combined federal taxable amount from Box 2a

Form 1040/1040A, use Arkansas Form AR1000D

of your 1099-R(s). If Box 2a is blank, use the

do not report to Arkansas your income or your

to determine the taxable amount to enter. Attach

Simplified Method Worksheet in the federal 1040

nonresident spouse’s income. Fill out and submit

federal Schedule D and Form AR1000D to

Instruction Booklet to calculate the taxable amount

AR-NRMILITARY Form to have a note put on your

your return.

of your distribution. Both you and your spouse are

account that you are not required to file a return.

entitled to a $6,000 exemption from your respec-

The amount of capital loss that can be

tive taxable retirement plan income; the balance

Your spouse’s income is exempt from Arkansas

deducted after offsetting capital gains is

is taxable to Arkansas. Enter the balance on Line

tax if your Home of Record is not Arkansas and

limited to $3,000 ($1,500 per taxpayer for

17A. Attach 1099-R(s).

your spouse’s domicile is the same as your Home

filing Status 4 or 5). If your capital loss was

of Record.

more than the yearly limit on capital loss deduc-

tions, you can carry over the unused part to later

LINE 17B. FILING STATUS 4 (Married

However, if your spouse had Arkansas income tax

years until used up.

Filing Separately on the Same Return)

withheld, he/she will need to file a return to get a

ONLY: If your spouse had income from an employ-

refund. Write the words “military spouse” at top of

The gain on the sale of your personal residence

ment related pension plan or a qualified traditional

tax return and attach a completed Form AR-MS

is exempt up to $250,000 per taxpayer ($500,000

IRA distribution, enter the gross income from Box

(available at ) and

for married couples filing on the same return).

1 of his or her 1099-R(s). Enter the federal taxable

a copy of service member’s LES to verify Home

The property must, during the 5 year period end-

amount from Box 2a of his or her 1099-R(s). If Box

of Record.

ing on the day of sale, be owned and used by the

taxpayer(s) as the principal residence for periods

2a is blank, use the Simplified Method Worksheet

in the federal 1040 Instruction Booklet to calculate

(For future tax purposes, your nonmilitary spouse

aggregating 2 years or more.

the taxable amount of his or her distribution. Your

must submit a new payroll withholding form, ARW-

spouse is entitled to a $6,000 exemption from

4MS to his/her employer each year to exempt

the taxable amount; the balance is taxable to Ar-

withholding.)

LINE 15. Enter the ordinary gain or (loss) from Part

kansas. Enter the balance on Line 17B. Attach

II of federal Form 4797. Adjust for any differenc-

1099-R(s).

es in Arkansas and federal depreciation.

LINE 10. If you received interest from bank depos-

The capital loss limit does not apply. Attach fed-

You are eligible for the $6,000 exemption for retire-

its, notes, mortgages, corporation bonds, savings

eral Form 4797 and/or 4684 if applicable.

ment or disability benefits provided the distribution

and loan association deposits, and credit union

was from public or private employment-related

deposits, enter all interest received or credited to

retirement systems, plans, or programs. (The re-

your account during the year. If the total is over

LINE 16. Use this line to report taxable lump-sum dis-

cipient need not be retired.) The method of

$1,500, complete and attach Form AR4.

tributions, annuities, and traditional IRA distributions. In-

funding is irrelevant. The exemption may be taken

clude early withdrawal of traditional IRA distributions on

from either lump-sum or installment payments. The

this line. List only the amount of withdrawal and attach

LINE 11. If you received dividends and other

early withdrawal penalty may be applicable even

the federal Form 5329 showing the tax on premature

though the exemption is granted.

distributions, enter amounts received as dividends

distribution. Also, enter ten percent (10%) of the tax

from stocks in any corporation. If the total is

from the federal Form 5329, Part I and Part II, on Line

over $1,500, complete and attach Form

If you received a traditional IRA distribution after

30. If you received a distribution which does not qualify

AR4.

reaching the age of fifty-nine and one-half (59 1/2),

for the Lump-Sum Distribution Averaging Schedule

the first $6,000 is exempt from tax. Premature

(AR1000TD), list the total distribution received in 2013.

distributions made on account of the participant’s

(See AR1000TD to determine if you qualify to use the

death or disability also qualify for the exemption.

LINE 12. Enter alimony or separate maintenance

averaging method.) Attach 1099-R(s).

All other premature distributions or early withdraw-

received as the result of a court order.

als including, but not limited to, those taken for

Premature distributions are amounts you withdrew

medical expenses, higher education expenses,

from your traditional IRA, deferred compensation,

or a first-time home purchase do not qualify for

or thrift savings plans before you were either age

the exemption.

59 ½ or disabled. Rollovers of premature distribu-

tions are tax exempt.

Page 14

Arkansas Individual Income Tax Forms And Instructions - 2013 Page 14

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