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Arizona Free Printable AZ Form 141AZ Schedule K-1(NR) for 2020 Arizona Schedule K-1(NR) Nonresident Beneficiary’s Share of Fiduciary Adjustment

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Schedule K-1(NR) Nonresident Beneficiary’s Share of Fiduciary Adjustment
AZ Form 141AZ Schedule K-1(NR)

Arizona Form 141AZ Schedule K-1(NR) Nonresident Beneficiary’s Share of Income and Share of Fiduciary Adjustment FOR CALENDAR YEAR 2019 For the calendar year 2019 or fiscal year beginning M M D D 2 0 1 9 and ending M M D D Y Y Y Y . Name of Estate or Trust Estate or Trust EIN (If this is a Grantor Trust, see instructions) Beneficiary’s Name Fiduciary’s Name Beneficiary’s I.D. Number Fiduciary’s Address - number and street, or rural route Beneficiary’s Address - number and street, or rural route Fiduciary’s City, Town or Post Office Beneficiary’s City, Town or Post Office State ZIP Code State ZIP Code Fiduciary’s Phone Number – include area code Beneficiary’s Daytime Phone Number – include area code Part 1 Arizona Nonresident Beneficiary’s Share of Federal Distributable Income From Arizona Sources 1 Federal distributable net income from Arizona sources: Enter the amount from Form 141AZ, Schedule D, line D9, column (c)................................................................................................. 1 2 Beneficiary’s share of the amount entered on line 1: Nonresident individual beneficiaries, also enter this amount on Form 140NR, page 1, line 21, “ARIZONA” column......................................................... 2 00 00 Part 2 Arizona Nonresident Beneficiary’s Share of Fiduciary Adjustment Related to Arizona Source Income 3 Net fiduciary adjustment to be allocated: Enter the amount from Form 141AZ, Schedule C, line C14........... 3 00 4 Amount on line 3 related to Arizona source income allocated to all nonresident beneficiaries......................... 4 00 5 Beneficiary’s share of the amount entered on line 4......................................................................................... 5 00 • If the amount on line 5 is a positive number, enter this amount as an Other Addition to income on Arizona Form 140NR, page 1, line 31. • If the amount on line 5 is a negative number, enter this amount as an Other Subtraction from income on Arizona Form 140NR, page 2, line 45. Continued on page 2  ADOR 10586 (19) Name of Estate or Trust (as shown on page 1) EIN (If this is a Grantor Trust, see instructions) Part 3 Net Long-Term Capital Gain Subtraction – Information Schedule INSTRUCTIONS FOR THE FIDUCIARY: Arizona requires individual taxpayers to make certain adjustments to their federal adjusted gross income in order to compute their Arizona taxable income. • Lines 6 and 7: If the beneficiary’s federal 1041 K-1 includes a distributed share of the entity’s net short-term capital gain or net long-term capital gain, complete line 6, columns (b) and (c); and line 7, columns (b) through (e). • Lines 8 and 9: If this is the final return for the estate or trust and a capital loss carryover amount was distributed to the beneficiary, complete line 8, columns (b) and (c); and line 9, columns (b) through (e). • Lines 10 and 11: If any of the amounts reported on line 7, columns (d) and (e) include a net long-term gain or (loss) from (1) an investment in an Arizona Qualified Small Business; or (2) the exchange of one kind of legal tender for another kind of legal tender, complete lines 10 and 11, columns (b) through (e). In column (b), enter only the net capital gain or (loss) from all short-term and long-term investments in the Arizona qualified small business and the exchange of legal tender. (a) (b) (c) Item Amount reported on federal Schedule K‑1 Amount included in column (b) from Arizona sources (a) (b) (c) Item Net Capital Gain or (loss) Amount included in column (b) from Arizona sources (d) (e) Net long-term capital Net long-term capital gain or (loss) included gain or (loss) included in column (c) from in column (c) from assets acquired before assets acquired after January 1, 2012 December 31, 2011 6 Total net short-term capital gain or (loss) from Form 141AZ, page 1, line 15b distributed to the beneficiary...................... 6 7 Total net long-term capital gain or (loss) from Form 141AZ, page 1, line 15c distributed to beneficiary............................ 7 8 Short-term capital loss carryover(s) distributed to the beneficiary upon termination of the estate or trust........ 8 9 Long-term capital loss carryover(s) distributed to the beneficiary upon termination of the estate or trust........ 9 (d) (e) Net long-term capital Net long-term capital gain or (loss) included gain or (loss) included in column (c) from in column (c) from assets acquired before assets acquired after January 1, 2012 December 31, 2011 10 Net capital gain or (loss) from investment in an Arizona qualified small business........ 10 11 Net capital gain or (loss) from the exchange of one kind of legal tender for another kind of legal tender............................................. 11 INSTRUCTIONS FOR AN INDIVIDUAL BENEFICIARY: The beneficiary must complete the worksheet, Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011, to determine the allowable subtraction. The worksheet is included in the instructions for the nonresident income tax return [Arizona Form 140(NR)]. Nonresidents: The amounts entered in column (e) on lines 7, 10, and 11, are used to compute the allowable subtraction on the net longterm capital gain worksheet. For more information, see the worksheet instructions for Form 140(NR). • For an amount entered on line 10, column (b); see the instructions for line 38 on Form 140(NR). • For an amount entered on line 11, column (b); see the instructions for lines 30 and 39 on Form 140(NR). INSTRUCTIONS FOR THE FIDUCIARY BENEFICIARY: If the net long-term capital gain (loss) on Part 3, line 7, above, is taxed at the estate or trust level, use the information above to complete the Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011, included in the instructions of Form 141AZ for the estate or trust. Print Form ADOR 10586 (19) AZ Form 141AZ Schedule K-1(NR) (2019) Page 2 of 3 Name of Estate or Trust (as shown on page 1) EIN (If this is a Grantor Trust, see instructions) If the net long-term capital gain (loss) on Part 3, line 7, above, is distributed to the beneficiary, use the information above to complete the Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011, included in the instructions of Form 141AZ. The worksheet will assist the estate or trust in completing the Net Long-Term Capital Gain Subtraction – Information Schedule on Form 141AZ, Schedule K-1 or Schedule K-1(NR), for each beneficiary. The amounts entered in column (d) on lines 7, 10, and 11, are used to compute the allowable subtraction on the net long-term capital gain worksheet. For more information, see the worksheet instructions for Form 141AZ. • For an amount entered on line 10, column (b); see the instructions for line 14a, Form 141AZ. • For an amount entered on line 11, column (b); see the instructions for lines 12b and 14b, Form 141AZ. INSTRUCTIONS FOR THE PARTNERSHIP OR S CORPORATION BENEFICIARY: The information in Part 3, above, should be used to complete the Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011, included in the instructions of Arizona Form 165 or Arizona Form 120S. The worksheet will assist the partnership or S corporation in completing the Net Long-Term Capital Gain Subtraction – Information Schedule on Arizona Form 165, Schedule K-1 or Schedule K-1(NR), for each partner; or Arizona Form 120S, Schedule K-1 or Schedule K-1(NR), for each shareholder. INSTRUCTIONS FOR THE C CORPORATION OR EXEMPT ORGANIZATION BENEFICIARY: A subtraction is not allowed for a C corporation or an exempt organization. The information in Part 3, above, is informational only, and not required to be reported by the C corporation or exempt organization. ADOR 10586 (19) AZ Form 141AZ Schedule K-1(NR) (2019) Page 3 of 3 2019 Nonresident Beneficiary's Share of Income and Share of Fiduciary Adjustment Arizona Schedule 141AZ K-1 (NR) For information or help, call one of the numbers listed: Phoenix (602) 255-3381 From area codes 520 and 928, toll-free (800) 352-4090 Line 4 - Tax forms, instructions, and other tax information Line 5 - If you need tax forms, instructions, and other tax information, go to the department’s website at www.azdor.gov. Income Tax Procedures and Rulings Enter the amount of line 4 allocated to the beneficiary. If the result is a negative number, enter the number in brackets. These instructions may refer to the department’s income tax procedures and rulings for more information. To view or print these, go to our website and click on Reports and Legal Research then click on Legal Research and select a document and category type from the drop down menus. Instructions for Nonresident Beneficiary Publications To view or print the department’s publications, go to our website and click on Reports and Legal Research then click on Publications. General Instructions for Fiduciary Complete a Form 141AZ Schedule K-1(NR), for each nonresident beneficiary. File one copy of each Schedule K-1(NR) with the fiduciary's Form 141AZ. Provide all nonresident beneficiaries with a copy of their Schedule K-1(NR). Keep a copy for your records. Foreign Addresses If a beneficiary or the fiduciary has a foreign address, enter the information in the following order: city, province or state, and country. Follow the country’s practice for entering the postal code. Do not abbreviate the country’s name. Line-by-Line Instructions Part 1 - Beneficiary's Share of Federal Distributable Net Income From Arizona Sources Instructions for Fiduciary Line 1 Enter the federal distributable net income from Arizona sources. Enter the amount from Form 141AZ, Schedule D, line D9, column (c). Line 2 Enter the beneficiary’s share of federal distributable net income from Arizona sources. Part 2 - Beneficiary's Share of Fiduciary Adjustment Related to Arizona Source Income Line 3 Enter the net fiduciary adjustment to be allocated to the beneficiaries from Form 141AZ, Schedule C, line C14. If this is a negative amount, enter the amount in brackets. Enter the amount of line 3 related to Arizona source income that is allocated to all nonresident beneficiaries. This is the beneficiary's share of the fiduciary adjustment. The fiduciary uses Form 141AZ Schedule K-1(NR), to report to you your share of the federal distributable income from Arizona sources and your share of fiduciary adjustment from the estate or trust. Do not file this Schedule K-1(NR) with your return. Keep this Schedule K-1(NR) with your records. The fiduciary filed a copy of this form with the department. Nonresident individual beneficiaries should enter the amount from Form 141AZ Schedule K-1(NR), line 2, on Arizona Form 140NR, line 21, in the ARIZONA column. Line 5 shows your share of the fiduciary adjustment from the estate or trust. If the amount on line 5 is a positive number, you must report this amount as an addition to income on your Arizona return. If you are a nonresident individual, report this amount as an Other Addition to income on your Arizona Form 140NR, line 31. If the amount on line 5 is a negative number, you must report this amount as a subtraction from income on your Arizona return. If you are a nonresident individual, report this amount as an Other Subtraction from income on your Arizona Form 140NR, line 45. Part 3 - Net Long-Term Capital Gain Subtraction (Information Schedule) Arizona allows a subtraction from Arizona gross income for a percentage of any net long-term capital gain from assets acquired after December 31, 2011, and included in the individual’s Arizona gross income or the estate or trust’s Arizona gross income. Instructions for Fiduciary Lines 6 through 11 If the individual beneficiary’s federal Schedule K-1 (Form 1041) includes an amount for any net long-term capital gain or (loss) from Arizona sources, complete lines 6 through 11 as instructed on pages 2 and 3 of Form 141AZ Schedule K1(NR). Instructions for Beneficiaries Follow the instructions on pages 2 and 3 of Form 141AZ Schedule K-1 (NR).
Extracted from PDF file 2019-arizona-141az-schedule-k-1-nr.pdf, last modified June 2009

More about the Arizona 141AZ Schedule K-1 (NR) Corporate Income Tax Nonresident TY 2019

We last updated the Schedule K-1(NR) Nonresident Beneficiary’s Share of Fiduciary Adjustment in March 2020, so this is the latest version of 141AZ Schedule K-1 (NR), fully updated for tax year 2019. You can download or print current or past-year PDFs of 141AZ Schedule K-1 (NR) directly from TaxFormFinder. You can print other Arizona tax forms here.

Related Arizona Corporate Income Tax Forms:

TaxFormFinder has an additional 95 Arizona income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Arizona 141AZ Schedule K-1 (NR).

Form Code Form Name
141AZ Schedule K-1 Schedule K-1 Resident or Part-Year Resident Beneficiary’s Share of Fiduciary Adjustment

Download all AZ tax forms View all 96 Arizona Income Tax Forms


Form Sources:

Arizona usually releases forms for the current tax year between January and April. We last updated Arizona 141AZ Schedule K-1 (NR) from the Department of Revenue in March 2020.

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141AZ Schedule K-1 (NR) is an Arizona Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Arizona 141AZ Schedule K-1 (NR)

We have a total of eight past-year versions of 141AZ Schedule K-1 (NR) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 141AZ Schedule K-1 (NR)

AZ Form 141AZ Schedule K-1(NR)

2017 141AZ Schedule K-1 (NR)

AZ Form 141AZ Schedule K-1(NR)

2016 141AZ Schedule K-1 (NR)

AZ Form 141AZ Schedule K-1(NR)

Nonresident Beneficiary’s Share of Income and Share of Fiduciary Adjustment 2015 141AZ Schedule K-1 (NR)

AZ Form 141AZ Schedule K-1(NR)

Nonresident Beneficiary’s Share of Income and Share of Fiduciary Adjustment 2014 141AZ Schedule K-1 (NR)

AZ Form 141AZ Schedule K-1(NR)

Nonresident Beneficiary’s Share of Income and Share of Fiduciary Adjustment 2013 141AZ Schedule K-1 (NR)

AZ Form 141AZ Schedule K-1(NR)

Nonresident Beneficiary's Share of Income and Share of Fiduciary Adjustment 2012 141AZ Schedule K-1 (NR)

Arizona Form 141AZ Schedule K-1(NR)

Nonresident Beneficiary's Share of Income and Share of Fiduciary Adjustment 2011 141AZ Schedule K-1 (NR)

Arizona Form 141AZ Schedule K-1(NR)


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