Arizona Form 120s - S Corporation Income Tax Return - 2013 Page 11
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12Arizona Form 120S
Refer to Arizona Individual Income Tax Ruling ITR 13-2 for
Nonresident Individual Shareholders
more information regarding filing a composite return on
Nonresident individual shareholders of S corporations operating
Arizona Form 140NR.
in Arizona are subject to Arizona income tax on their
Estate and Trust Shareholders
distributive share of the income (loss) earned by the
S corporation in Arizona. Refer to Arizona Form 120S,
Shareholders that are estates or trusts are taxable on their entire
Schedule K-1(NR). Nonresident shareholders must file
distributive share of income from the S corporation. Resident
Arizona Form 140NR, Nonresident Personal Income Tax
trust or estate distributive share income will flow through to
Return, to report this income (loss).
Arizona Form 141AZ, Arizona Fiduciary Income Tax Return.
Composite return: The Arizona Department of Revenue will
Nonresident estate or trust distributive share income should be
accept a composite return on Arizona Form 140NR for
reported on Schedule A of Arizona Form 141AZ, Arizona
nonresident individual shareholders so long as the return
Fiduciary Income Tax Return.
includes ten or more participating members.
Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011
Original return
Amended return
Net long-term capital gain (loss) as reported on
(a)
(b)
(c)
federal Schedule D (or other form/schedule) and
Net long-term capital
Net long-term capital
included in the distributive share amount.
gain (loss) included in
gain (loss) included
Enter the total net long-term capital gain (loss) from
Net long-term
column (a) from assets
in column (a) from
the following forms in each applicable column. See
capital gain
acquired before
assets acquired after
instructions on the following page.
(loss)
January 1, 2012
December 31, 2011
1
Long-term capital gain (loss) reported on
federal Schedule D from Form(s) 8949.
Combine the amounts and enter the total.
1
2
Form(s) 6252 Installment Sale Income
2
3
Form(s) 8824 Like-Kind Exchanges
3
4
Pass-through from Estate, Partnership, and/or
Trust – from Arizona Form 141AZ or
Arizona Form 165, Schedule K-1 or
Schedule K-1(NR).
4
5
Any other long-term capital gain (loss)
5
6
Subtotal: add lines 1 through 5 in each
column, and enter the total.
6
7
Available long-term capital loss carryover.
Enter the amount, if any, in each column.
7
0.00
8
Net
long-term
capital
gain
(loss).
Subtract line 7 from line 6 and enter the
difference in each column.
For each shareholder, enter the distributive
share of the amounts from line 8 on
Arizona Form 120S, Schedule K-1 or
Schedule K-1(NR).
8
Please see the instructions on the following page.
11
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial