INSTRUCTIONS: ARIZONA RESIDENT OR PART-YEAR RESIDENT BENEFICIARY'S SHARE OF FIDUCIARY ADJUSTMENT (Form 141AZ Schedule K-1)
Arizona residents or part-year residents document their share of a fiduciary adjustment to an estate or
trust by filing the Schedule
K-1 supplement to form 141AZ. Both documents can be obtained from the website maintained by the Arizona Department of Revenue.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 1: Enter the beginning and ending dates of your fiscal year if not filing on a calendar year basis.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 2: The table at the top of the page documents the
beneficiary on the left and the fiduciary on the right. On the first line of the left side, enter the name of the estate or trust.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 3: On the left side's second line, enter the beneficiary's name and I.D. number.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 4: On the left side's third line, enter the beneficiary's street address.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 5: On the left side's fourth line, enter the beneficiary's city or town, state and zip code.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 6: On the left side's fifth line, enter the beneficiary's daytime telephone number.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 8: On the right side's first line, enter the estate or trust's employer identification number. Below, enter the fiduciary's name, complete address and phone number.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 9: On line 1, enter the amount from form 141AZ, schedule C, line C14.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 10: On line 2, enter the percentage of the beneficiary's share of
federal distributable income.
Arizona Resident Or Part-Year Resident Beneficiary's Share Of Fiduciary Adjustment 141AZ Schedule K-1 Step 11: Multiply the number on line 1 by the percentage on line 2. Enter the resulting product on line 3.