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INSTRUCTIONS: ARIZONA RESIDENT PARTNER'S SHARE OF ADJUSTMENT TO PARTNERSHIP INCOME (Form 165 Schedule K-1)

To document an Arizona resident partner's share of adjustment to their income from a partnership, use a Schedule K-1. This supplemental document is filed along with form 165. Both forms can be obtained from the website of the Arizona Department of Revenue.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 1: Indicate with a check mark whether this is an original or amended form.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 2: Indicate with a check mark whether you are filing for the calendar year pre-printed on the form or for a fiscal year. If the latter, enter the beginning and ending dates.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 3: In the first blank box, enter the partner's identifying number.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 4: In the second blank box, enter the partner's employer identification number.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 5: In the third blank box, enter the partner's name, address and zip code.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 6: In the fourth blank box, enter the partnership's name, address and zip code.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 7: On the first line of the table provided, enter the partner's percentage of profit sharing before change or termination in the first column and at the end of the year in the second column.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 8: On the second line, enter the partner's percentage of loss sharing before change or termination in the first column and at the end of the year in the second column.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 9: On the third line, enter the partner's percentage of ownership of capital before change or termination in the first column and at the end of the year in the second column.

Arizona Resident Partner's Share Of Adjustment To Partnership Income 165 Schedule K-1 Step 10: Complete the rest of the form as instructed.