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Arizona Free Printable Arizona Form 165 Schedule K-1(NR) for 2022 Arizona Schedule K-1(NR) Arizona Nonresident and Out-of-State Partner's Share of Income and Deductions

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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 2021 All corporate partners must use this schedule. For the  calendar year 2021 or  fiscal year beginning M M D D 2 0 2 1 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 Partner’s Percentage of: Beginning of Year State ZIP Code 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 (21) Form 140NR Filers: Enter the amount in column (c) on: Form 140NR Filers: Enter the amount in column (c) on: Line 29 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 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 4. (a) Distributive Share Amount Pro Rata Share Items 17 Net capital gain (loss) from the exchange of legal tender..................................................... Part 5 (b) Arizona Apportionment Ratio (c) Arizona Source Income 17 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 18 through 20. 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 5. (a) Distributive Share Amount 18 Total net long-term capital gain (loss)............. (b) Arizona Source Income (c) Net long-term capital gain (loss) included in column (b) from From page 1, line 9, From page 1, line 9, assets acquired before column (a), and/or line column (c), and/or line January 1, 2012 11, column (a). 11, column (c). Pro Rata Share Items From federal Form 1065, Schedule K-1 (d) Net long-term capital gain (loss) included in column (b) from assets acquired after December 31, 2011 18 ADDITIONAL INFORMATION: 19 Net long-term capital gain (loss) from investment in a qualified small business (amount already included in line 18, column (d)).................................................... 19 20 Net long-term capital gain (loss) from the exchange of legal tender (amount already included in line 18, column (d))..................... 20 Print Form ADOR 10345 (21) AZ Form 165, Schedule K-1(NR) (2021) Page 2 of 2 2021 Nonresident and Out-of-State Partner’s Share of Adjustment to Partnership Income Instructions for Partners Part 1 - Distributive Share Items from Federal Form 1065, Schedule K-1 Column (c) is your Arizona source income. • If you are a nonresident individual, use the line numbers on Schedule K-1(NR) to report the amounts in column (c) on your Arizona Form 140NR. • If you are a nonresident trust or nonresident estate, add lines 4 through 16, column (c), and enter the total on Arizona Form 141AZ, page 2, Schedule A. If Arizona Form 165 Schedule K-1(NR) shows a loss, you may only claim such losses on your Arizona nonresident return to the extent: • Those losses are included in: o The federal adjusted gross income of an individual, or, o The federal taxable income of a trust or an estate. • The loss is not considered to be a passive activity loss for federal purposes. (If it is, the loss will be treated as a passive activity loss for Arizona purposes.) If the partnership passes through to you a passive activity loss derived from Arizona sources: • Do not begin the Arizona return with the amounts shown in column (c) of Arizona Form 165 Schedule K1(NR). • You must first determine if any portion of the loss has been limited on your federal return due to federal passive activity loss rules. In addition: • Only the amount of passive activity loss derived from Arizona sources will be allowed on the Arizona return. • Any portion of the passive activity loss not allowed on the federal return due to passive activity loss limitations will be limited on the Arizona return. • That portion of the passive activity loss derived from Arizona sources required to be carried forward for federal purposes will be carried forward for Arizona purposes. NOTE: The amount of Internal Revenue Code (IRC) § 179 expense deductible is limited to the Arizona portion of the amount deducted on federal Form 1040, Schedule E. Part 2 - Partner’s Distributive Share of the Adjustment of Partnership Income from Federal to Arizona Basis Line 15 Nonresident Individuals, Estates and Trusts: Line 15 reflects the amount of partnership income which must be adjusted to determine the difference between Internal Revenue Code § 702(a)(8) and Arizona Revised Statutes § 43‑1401(2). Arizona Form 165 Schedule K-1(NR) If the amount on line 15, column (c) is a positive number: • Individual partners, enter this amount as an “other addition to income” on Arizona Form 140NR, line 29. • Estates or trusts, enter this amount as an “other addition” on Arizona Form 141AZ, page 2, line B3. If the amount on line 15, column (c) is a negative number: • Individual partners, enter this amount as an “other subtraction from income” on Arizona Form 140NR, line 41. • Estates or trusts, enter this amount as an “other subtraction” on Arizona Form 141AZ, page 2, line B9. Corporate partners: • • If the amount on line 15 is positive, enter the amount from line 15, column (a) on Schedule A, line A8 of Form(s) 120 or 120A. If the amount on line 15 is negative, enter the amount from line 15, column (a) on Schedule B, line B10 of Form(s) 120 or 120A. Partnerships that are partners: • • If the amount on line 15 is positive, enter from line 15, column (a) on Schedule A, Arizona Form 165. If the amount on line 15 is negative, enter from line 15, column (a) on Schedule B, Arizona Form 165. the amount line A4 of the amount line B5 of Part 3 - Net Capital Gain (Loss) from Investment in a Qualified Small Business – Information Schedule Arizona allows individuals, estates and trusts a subtraction from Arizona gross income for any net capital gain derived from investment in a qualified small business if: • The gain is included in: o The individual’s federal adjusted gross income, or o The federal taxable income of the estate or trust. • The business in which the partnership invested is determined to be a qualified small business by the Arizona Commerce Authority. Although the subtraction is only available to individuals, estates and trusts, a partner that is a pass-through entity (estate, partnership, S Corporation, or trust) will need this information to calculate the subtraction for the estate or trust, or to complete: • Arizona Form 141AZ, Schedule K-1 or Schedule K1(NR), for each beneficiary; • Arizona Form 120S, Schedule K-1 or Schedule K1(NR), for each shareholder; or, • Arizona Form 165, Schedule K-1 or Schedule K-1(NR), for each partner. Line 16 The amount on line 16, column (c), is your share of net capital gain (loss) from investment in a qualified small business that is apportioned to Arizona. To determine if you qualify to claim this subtraction from your Arizona tax return, see the instructions for Arizona Form 140NR or Arizona Form 141AZ. Arizona Form 165 Schedule K-1(NR) Part 4 - Net Capital Gain (Loss) from the Exchange of Legal Tender - Information Schedule For more information, see the instructions for Arizona Form 140PY or Arizona Form 141AZ. For taxable years beginning from and after December 31, 2017, Arizona allows the exclusion from gross income the amount of net capital gain (loss) derived from the exchange of one kind of legal tender for another kind of legal tender. (a) “Legal tender” means a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues. (b) “Specie” means coins having precious metal content. Line 20 Line 20 is your share of the partnership’s net long-term capital gain (loss) from the exchange of legal tender that is included in the amount on line 18, column (d). The amount on line 20 cannot be included in your subtraction for any net long-term capital gain from the exchange of legal tender from assets acquired after December 31, 2011. Worksheet for Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011 (Worksheet) Line 17 The amount on line 17, column (c) is your share of net capital gain (loss) from the exchange of legal tender that is apportioned to Arizona. To determine if you qualify to claim a subtraction from income on your Arizona personal income tax return: • Nonresident partner, complete the worksheet included in the instructions for Arizona Form 140NR. Use only the amount of Arizona-sourced, net long-term capital gain (loss) entered on line 19, column (d), and line 20, column (d) to figure the subtraction on the Worksheet included in the instructions for Arizona Form 140NR • Nonresident Estate or Trust partner, use only the amount of Arizona-sourced, net long-term capital gain (loss) entered on line 19, column (d), and line 20, column (d) to complete the Worksheet included in the instructions for Arizona Form 141AZ. o If the net long-term capital gain (loss) in Part 4 and Part 5 is distributed to the beneficiaries, the Worksheet will assist the estate or trust in completing the Net Long-Term Capital Gain Subtraction – Information Schedule, on Arizona Form 141AZ Schedule K-1, or Schedule K-1(NR) for each beneficiary, • Partnership or S Corporation partner, use only the amount of Arizona-sourced, net long-term capital gain (loss) entered on line 19 column (d), and line 20 column (d) to figure the subtraction on the Worksheet. The Worksheet will assist the partnership or S Corporation in completing the Net Long-Term Capital Gain Subtraction – Information Schedule, on: o Arizona Form 165 Schedule K-1 or Schedule K1(NR), for each partner, or o Arizona Form 120S, Schedule K-1 or Schedule K1(NR) for each shareholder. • C Corporation or Exempt Organization partner, this subtraction is not allowed for a C Corporation or an exempt organization. The information in Part 5 is informational only and is not required to be reported by the C Corporation or the exempt organization. Part 5 - 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 if: • The gain arises from assets acquired after December 31, 2011, • The gain is included in: o The individual taxpayer’s federal adjusted gross income, or, o The federal taxable income of the estate or trust. In addition, • Only include net long-term gains if you can verify the asset was acquired after December 31, 2011. • If you cannot verify the asset was acquired after December 31, 2011, treat it as a capital gain asset acquired before January 1, 2012. • An asset acquired by gift or inheritance is considered acquired on the date it was acquired by the gift-giver, or the deceased. Although the subtraction is only available to individuals, estates and trusts, a partner that is a pass-through entity (estate, partnership, S Corporation, or trust) will need this information to: • Calculate the subtraction for the estate or trust, or • To complete: o Arizona Form 141AZ, Schedule K-1, or Schedule K-1(NR), for each beneficiary; o Arizona Form 120S, Schedule K-1, or Schedule K-1(NR), for each shareholder; or o Arizona Form 165, Schedule K-1, or Schedule K-1(NR), for each partner. Line 18 Line 18, column (d) is your share of net long-term capital gain (loss) from assets acquired after December 31, 2011. Line 19 Line 19 is your share of the partnership’s net long-term capital gain from investment in a qualified small business that is included in the amount on line 18, column (d). The amount on line 19 cannot be included in your subtraction for any net long-term capital gain from assets acquired after December 31, 2011. 2
Extracted from PDF file 2021-arizona-165-schedule-k-1nr.pdf, last modified October 2009

More about the Arizona 165 Schedule K-1(NR) Corporate Income Tax Nonresident TY 2021

We last updated the Schedule K-1(NR) Arizona Nonresident and Out-of-State Partner's Share of Income and Deductions in March 2022, so this is the latest version of 165 Schedule K-1(NR), fully updated for tax year 2021. You can download or print current or past-year PDFs of 165 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 165 Schedule K-1(NR).

Form Code Form Name
165 Schedule K-1 Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income

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 165 Schedule K-1(NR) from the Department of Revenue in March 2022.

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165 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 165 Schedule K-1(NR)

We have a total of eight past-year versions of 165 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:


2021 165 Schedule K-1(NR)

Arizona Form 165 Schedule K-1(NR)

2020 165 Schedule K-1(NR)

Arizona Form 165 Schedule K-1(NR)

2016 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 2015 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 2014 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 2013 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 2011 165 Schedule K-1(NR)

Arizona Form 165 Sch. K-1(NR)


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