Arizona Schedule K-1(NR) Arizona Nonresident and Out-of-State Partner's Share of Income and Deductions

Schedule K-1(NR) Arizona Nonresident and Out-of-State Partner's Share of Income and Deductions
Arizona Form 165 Schedule K-1(NR)
Arizona Form

165 Schedule K-1(NR)

Arizona Nonresident and Out-of-State Partner’s
Share of Income and Deductions

2024

All corporate partners must use this schedule.
For the  calendar year 2024 or  fiscal year beginning M M D D 2 0 2 4 and ending M M D D 2 0 Y Y .
CHECK ONE:

 Original	  Amended

Partner’s Tax Identification Number

Partnership’s Employer Identification Number (EIN)

Partner’s Name

Partnership’s Name

Partner’s Address – number and street or rural route

Partnership’s Address – number and street or rural route

Partner’s City, Town or Post Office

Partnership’s City, Town or Post Office

State ZIP Code

State ZIP Code

Pass-Through Entity Election:
A. Did the partnership make the Pass-Through Entity (PTE) Election?

Yes No

B. If the partnership made the PTE Election, did this partner consent to that election?

Partner’s Percentage of:

Yes No

Beginning of Year

End of Year

Profit sharing................................................

%

%

Loss sharing.................................................

%

%

Ownership of capital.....................................
Type of partner (individual, trust, estate,
IRA, corporate, or partnership).....................

%

%

Part 1: Distributive Share Items From
federal Form 1065, Schedule K-1

(a)
Distributive
Share Amount

(b)
Arizona
Apportionment Ratio

(c)
Arizona
Source Income

1 Ordinary income (loss) from trade or
business activities.....................................................
2 Net income (loss) from rental real estate activities....
3 Net income (loss) from other rental activities............
4 Total: Add lines 1, 2, and 3.......................................
5 Interest......................................................................
6 Dividends...................................................................
7 Royalties....................................................................
8 Net short-term capital gain (loss)..............................
9 Net long-term capital gain (loss)................................
10 Guaranteed payments to partner..............................
11 Net IRC Section 1231 gain (loss)..............................
12 Other income (loss): include schedule.....................
13 IRC Section 179 expense..........................................
14 Other deductions: include schedule.........................

Part 2: Partner’s Distributive Share of
the Adjustment of Partnership Income
From federal to Arizona Basis

Line 21
Line 16
Line 17
Line 21
Line 20
Line 20
Line 20
Line 22
Line 21

(a)
Distributive
Share Amount

(b)
Arizona
Apportionment Ratio

(c)
Arizona
Source Income

15 Adjustment of partnership income from federal to
Arizona basis from Form 165, page 1, line 6.............
NOTE: Corporate partners see Form 120 or Form 120A instructions for information on reporting the amount from line 15.

ADOR 10345 (24)

Form 140NR Filers:
Enter the amount in
column (c) on:

Form 140NR Filers:
Enter the amount in
column (c) on:

Line 31 or 41

Name of Partnership (as shown on page 1)

Part 3

EIN

Net Capital Gain (Loss) From Investment in a Qualified Small Business – Information Schedule

If the partner’s federal Schedule K-1 (Form 1065) does not include any net capital gain (loss) from investment in a qualified small
business as determined by the Arizona Commerce Authority, the partnership is not required to complete Part 3.
(a)
Distributive Share Amount

Pro Rata Share Items
16 Net capital gain (loss) from investment in a
qualified small business.................................

Part 4

(b)
Arizona
Apportionment Ratio

(c)
Arizona
Source Income

16

Gain or Loss on Sale of Virtual Currency and Non-Fungible Tokens – Information Schedule

To the extent not already excluded from Arizona gross revenue under the Internal Revenue Code, enter the value of virtual currency and
non-fungible tokens received at the time of the airdrop.
(a)
Distributive Share Amount

Pro Rata Share Items
17 The value of Virtual Currency and Non-Fungible
Tokens received at the time of the airdrop.....

Part 5

(b)
Arizona Apportionment Ratio

(c)
Arizona Source Income

17

Gain or Loss on Sale of Virtual Currency and NFT’s Gas Fees and Non-Fungible Tokens Basis – Information Schedule

The amount allowed as a subtraction for gas fees not already included in the partnership’s virtual currency or non-fungible tokens basis
(a)
Distributive Share Amount

Pro Rata Share Items
18 Gas fees not included in virtual currency or nonfungible tokens basis......................................

Part 6

(b)
Arizona Apportionment Ratio

(c)
Arizona Source Income

18

Net Capital Gain (Loss) From the Exchange of Legal Tender – Information Schedule

If the partner’s federal Schedule K-1 (Form 1065) does not include any net capital gain (loss) from the exchange of legal tender, the
partnership is not required to complete Part 6.
(a)
Distributive Share Amount

Pro Rata Share Items
19 Net capital gain (loss) from the exchange of
legal tender.....................................................

ADOR
10345 (24)
	

(b)
Arizona
Apportionment Ratio

(c)
Arizona
Source Income

19

AZ Form 165, Schedule K-1(NR) (2024)

Page 2 of 3

Name of Partnership (as shown on page 1)

Part 7

EIN

Net Long-Term Capital Gain (Loss) Subtraction – Information Schedule

If the partner’s federal Schedule K-1 (Form 1065) includes capital gain (loss), complete lines 20 through 22. If the partner’s federal
Schedule K-1 (Form 1065) does not include any capital gain (loss), the partnership is not required to complete Part 7.
(a)
Distributive Share
Amount
Enter the total of the
amounts on page 1,
line 9, column (a), and
line 11, column (a).

Pro Rata Share Items
From federal Form 1065, Schedule K-1

(b)
Arizona
Source Income
Enter the total of the
amounts on page 1,
line 9, column (c), and
line 11, column (c).

(c)
Net long-term capital
gain (loss) included
in column (b) from
assets acquired before
January 1, 2012

(d)
Net long-term capital
gain (loss) included
in column (b) from
assets acquired after
December 31, 2011

20 Total net long-term capital gain (loss)............... 20

ADDITIONAL INFORMATION:
21 Net long-term capital gain (loss) from
investment in a qualified small business
(amount already included in line 20,
column (d))....................................................

21

22 Net long-term capital gain (loss) from the
exchange of legal tender (amount already
included in line 20, column (d)).....................

22

Part 8

Partner’s Share of the Partnership’s Pass-Through Entity Election

Complete Part 8 if the partner consented to the partnership’s election to be a Pass-Through Entity (PTE) for this year or
for a prior year. (See Instructions.) Otherwise, leave blank.

Partner’s Pro Rata Share of PTE Election

Partner’s Distributive Share

23 Partner’s pro-rata share of the PTE Tax Credit.
•	
•	

Individuals, enter this amount on Form 355, Part 1, line 1.
Estates and trusts, see the instructions for Form 141AZ, line 19, to claim this credit......................................... 23
24 Partner’s pro-rata share of the Arizona PTE Taxes paid in 2024 for taxable years prior to 2024.
Individuals that did not make the Small Business Income election, add this amount back on
Form 140NR, page 5, line L.
•	
Individuals that made the Small Business Income election, add this amount back on
Form 140NR-SBI, line 24.
•	
Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3................................................ 24
25 Partner’s pro-rata share of the Arizona PTE Taxes paid in 2024 for taxable year 2024.
•	
Individuals that did not make the Small Business Income election, add this amount back on
Form 140NR, page 5, line L.
•	
Individuals that made the Small Business Income election, add this amount back on
Form 140NR-SBI, line 24.
•	
Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3................................................ 25
26 Partner’s pro-rata share of comparable PTE Taxes from other states paid in 2024 for taxable years prior to 2024.
•	
Individuals that did not make the Small Business Income election, add this amount back on
Form 140NR, page 5, line L.
•	
Individuals that made the Small Business Income election, add this amount back on
Form 140NR-SBI, line 24.
•	
Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3............................................... 26

27 Partner’s pro-rata share of comparable PTE Taxes from other states paid in 2024 for taxable year 2024.
•	
•	
•	

Individuals that did not make the Small Business Income election, add this amount back on
Form 140NR, page 5, line L.
Individuals that made the Small Business Income election, add this amount back on
Form 140NR-SBI, line 24.
Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3................................................ 27

ADOR
10345 (24)
	

AZ Form 165, Schedule K-1(NR) (2024)

Print Form

Page 3 of 3