INSTRUCTIONS: ARIZONA RESIDENT OR PART-YEAR RESIDENT BENEFICIARY'S SHARE OF FIDUCIARY ADJUSTMENT (Form 141 AZ Schedule K-1)

Arizona residents or part-year residents who are beneficiaries of an estate or trust use a Schedule K-1 to document their share of a fiduciary adjustment. This supplemental form is filed alongside a form 141 AZ. Both documents can be obtained from the website of the Arizona Department of Revenue.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 1: If not filing for the calendar year printed on the form, enter the beginning and ending dates of your fiscal year.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 2: Enter the name of the estate or trust in the first blank box.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 3: In the next two blank boxes, enter the name and i.d. number of the beneficiary number.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 4: In the next blank box, enter the street number of the beneficiary's home address.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 5: In the next three blank boxes, enter the beneficiary's city, town or post office, state and zip code.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 6: In the next blank box, enter the beneficiary's daytime phone number.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 7: In the next seven blank boxes, enter the estate or trust employer identification number, the fiduciary's name, the fiduciary's street home address, the fiduciary's city, state and zip code, and the fiduciary's phone number.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 8: On line 1, enter the net fiduciary adjustment to be allocated.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 9: On line 2, enter the percent of the beneficiary's share of federal distributable income.

Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141 AZ Schedule K-1 Step 10: Multiply line 1 by line 2. Enter the resulting product on line 3.