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INSTRUCTIONS: ARIZONA NONRESIDENT BENEFICIARY'S SHARE OF INCOME AND SHARE OF FIDUCIARY ADJUSTMENT (Form 141AZ Schedule K-1(NR))

To document a nonresident beneficiary's share of income and share of fiduciary adjustment in Arizona, a schedule K-1(NR) is filed along with form 141AZ. This document can be obtained from the website maintained by the Arizona Department of Revenue.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 1: If not filing for the calendar year printed on the form, enter the beginning and ending dates of your fiscal year.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 2: Enter the name of the estate or trust, the beneficiary's name, the beneficiary's I.D. number, the beneficiary's address, and the beneficiary's daytime phone number.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 3: Enter the estate or trust employer identification number.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 4: Enter the fiduciary's name, address and phone number.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 5: On line 1, enter the federal distributable net income from Arizona sources.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 6: On line 2, enter the beneficiary's share of the amount on line 1.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 7: On line 3, enter the net fiduciary adjustment to be allocated.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 8: On line 4, enter the amount of line 3 which is related to Arizona source income which is allocated to nonresident beneficiaries.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 9: On line 5, enter the beneficiary's share of the amount entered on line 4.

Arizona Nonresident Beneficiary's Share Of Income And Share Of Fiduciary Adjustment 141AZ Schedule K-1(NR) Step 10: If the amount on line 5 is positive, enter it on line C20 of form 140NR. If it is negative, enter it on line D31.