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

Nonresident beneficiaries of an Arizona estate or trust document their share of income or fiduciary adjustment using a Schedule K-1(NR), which is filed supplementally along with a form 141 AZ. Both documents can be obtained from the website of the Arizona Department of Revenue.

Arizona Nonresident Beneficiary's Share Of Income and Share Of Fiduciary Adjustment 141 AZ 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 141 AZ Schedule K-1(NR) Step 2: In the table at the top left hand corner, enter the name of the estate or trust, beneficiary's name, beneficiary's i.d. number, beneficiary's street address, city, state and zip code, and beneficiary's daytime phone number.

Arizona Nonresident Beneficiary's Share Of Income and Share Of Fiduciary Adjustment 141 AZ Schedule K-1(NR) Step 3: In the table at the top right hand corner, enter the estate or trust employer identification number, fiduciary's name, fiduciary's street address, city, state and zip code, and the fiduciary's phone number.

Arizona Nonresident Beneficiary's Share Of Income and Share Of Fiduciary Adjustment 141 AZ Schedule K-1(NR) Step 4: On line 1, enter the federal distributable net income from Arizona sources.

Arizona Nonresident Beneficiary's Share Of Income and Share Of Fiduciary Adjustment 141 AZ Schedule K-1(NR) Step 5: On line 2, enter the beneficiary's share of the amount entered on line 1.

Arizona Nonresident Beneficiary's Share Of Income and Share Of Fiduciary Adjustment 141 AZ Schedule K-1(NR) Step 6: On line 3, enter the net fiduciary amount to be allocated.

Arizona Nonresident Beneficiary's Share Of Income and Share Of Fiduciary Adjustment 141 AZ Schedule K-1(NR) Step 7: On line 4, enter the amount on line 3 related to Arizona source income allocated to nonresident beneficiaries.

Arizona Nonresident Beneficiary's Share Of Income and Share Of Fiduciary Adjustment 141 AZ Schedule K-1(NR) Step 8: On line 5, enter the beneficiary's share of the amount entered on line 4. If a positive number, enter it on line C20 on form 140NR. If a negative number, enter it on line D31 on form 140NR.