TaxFormFinder
Arizona Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income
Extracted from PDF file 2023-arizona-165-schedule-k-1.pdf, last modified March 2017Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income
Resident and Part-Year Resident Partner’s Share of Adjustment to Partnership Income Arizona Form 165 Schedule K-1 2023 Corporate partners must use Form 165 Schedule K-1(NR). For the calendar year 2023 or fiscal year beginning M M D D 2 0 2 3 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, or estate).. Part 1 Arizona Partnership Adjustment 1 Adjustment of partnership income from federal to Arizona basis from Form 165, page 1, line 6.... 1 00 2 Partner’s percentage of profit or loss (expressed as a decimal)...................................................... 2 • 3 Partner’s distributive share of the adjustment of partnership income from federal to Arizona basis. Multiply line 1 by line 2......................................................................................................... 3 00 Part 2 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 2. Pro Rata Share Items Distributive Share Amount 4 Net capital gain (loss) from investment in a qualified small business.......................................................... 4 Part 3 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. Pro Rata Share Items 5 The value of Virtual Currency and Non-Fungible Tokens received at the time of the airdrop................................... 5 ADOR 10344 (23) Distributive Share Amount Name of Partnership (as shown on page 1) Part 4 EIN Gain or Loss on Sale of Virtual Currency and NFT’s Gas Fees or 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.. Pro Rata Share Items Distributive Share Amount 6 Gas fees not included in virtual currency or non-fungible tokens basis. .................................................................. 6 Part 5 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 5. Pro Rata Share Items Distributive Share Amount 7 Net capital gain (loss) from the exchange of legal tender....................................................................... 7 Part 6 Net Long-Term Capital Gain Subtraction – Information Schedule If the partner’s federal Schedule K-1 (Form 1065) does not include any net long-term capital gain (loss), the partnership is not required to complete Part 6. (a) Distributive Share Amount Pro Rata Share Items From federal Form 1065, Schedule K-1 (b) Net long-term capital gain (loss) included in column (a) from assets acquired before January 1, 2012 (c) Net long-term capital gain (loss) included in column (a) from assets acquired after December 31, 2011 8 Total Net long-term capital gain (loss)...................... 8 ADDITIONAL INFORMATION: 9 Net long-term capital gain (loss) from investment in a qualified small business (amount already included in line 8, column (c))................................... 9 10 Net long-term capital gain (loss) from the exchange of legal tender (amount already included in line 8, column (c))................................................................ 10 ADOR 10344 (23) AZ Form 165, Schedule K-1 (2023) Page 2 of 3 Name of Partnership (as shown on page 1) Part 7 EIN Partner’s Share of the Partnership’s Pass-Through Entity Election If the partner consented to the partnership’s election to be a Pass-Through Entity (PTE), complete Part 7. Otherwise, leave blank. Partner’s Pro Rata Share of PTE Election Partner’s Distributive Share 11 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...................................... 11 Partner’s pro-rata share of the Arizona PTE Taxes paid in 2023 for taxable year 2022. • .Individuals that did not make the Small Business Income election, add this amount back on Form 140, page 5, line P, or Form 140PY, page 5, line O. 12 • Individuals that made the Small Business Income election, add this amount back on Form 140-SBI, line 25, or Form 140PY-SBI, line 25. • Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3............................................ 12 Partner’s pro-rata share of the Arizona PTE Taxes paid in 2023 for taxable year 2023. • .Individuals that did not make the Small Business Income election, add this amount back on Form 140, 13 page 5, line P, or Form 140PY, page 5, line O. • Individuals that made the Small Business Income election, add this amount back on Form 140-SBI, line 25, or Form 140PY-SBI, line 25. • Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3............................................ 13 Partner’s pro-rata share of comparable PTE Taxes from other states paid in 2023 for taxable year 2022. • .Individuals that did not make the Small Business Income election, add this amount back on Form 140, page 5, line P, or Form 140PY, page 5, line O. 14 • Individuals that made the Small Business Income election, add this amount back on Form 140-SBI, line 25, or Form 140PY-SBI, line 25. • Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3............................................. 14 Partner’s pro-rata share of comparable PTE Taxes from other states paid in 2023 for taxable year 2023. • Individuals that did not make the Small Business Income election, add this amount back on Form 140, 15 page 5, line P, or Form 140PY, page 5, line O. • Individuals that made the Small Business Income election, add this amount back on Form 140-SBI, line 25, or Form 140PY-SBI, line 25. • Estates and trusts, add this amount back on Form 141AZ, Schedule B, line B3............................................. 15 ADOR 10344 (22) AZ Form 165, Schedule K-1 (2023) Page 3 of 3 Print
Arizona Form 165 Schedule K-1
More about the Arizona 165 Schedule K-1 Corporate Income Tax TY 2023
We last updated the Schedule K-1 Resident Partner's Share of Adjustment to Partnership Income in January 2024, so this is the latest version of 165 Schedule K-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of 165 Schedule K-1 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.
| Form Code | Form Name |
|---|---|
| 165 Schedule K-1(NR) | Schedule K-1(NR) Arizona Nonresident and Out-of-State Partner's Share of Income and Deductions |
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 from the Department of Revenue in January 2024.
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
We have a total of twelve past-year versions of 165 Schedule K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 165 Schedule K-1
Arizona Form 165 Schedule K-1
2022 165 Schedule K-1
Arizona Form 165PA Schedule K-1
2021 165 Schedule K-1
Arizona Form 165 Schedule K-1
2020 165 Schedule K-1
Arizona Form 165 Schedule K-1
2019 165 Schedule K-1
Arizona Form 165 Schedule K-1
2016 165 Schedule K-1
Arizona Form 165 Schedule K-1
2015 165 Schedule K-1
Arizona Form 165 Schedule K-1
2014 165 Schedule K-1
Arizona Form 165 Schedule K-1
2013 165 Schedule K-1
Arizona Form 165 Schedule K-1
2012 165 Schedule K-1
Arizona Form 165 Sch. K-1
2011 165 Schedule K-1
Arizona Form 165 Sch. K-1
TaxFormFinder Disclaimer:
While we do our best to keep our list of Arizona Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.