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Screen AZK1-3 - Arizona Schedule K-1 Adjustments (1065)

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Additions to Income

Non-Arizona municipal bond interest
Enter the adjustment amounts. UltraTax CS automatically transfers amounts from the federal passthrough entities in the K1-5 screen when applicable. UltraTax CS automatically allocates these amounts and adds them to the federal total amount before multiplying by the apportionment percentage. UltraTax CS adds these allocated amounts to the apportioned business amount and displays the totals on Form 165, Schedule K-1, Schedule K-1(NR), and Form 140NR.

Subtractions from Income

US government interest obligations
Enter the adjustment amounts. UltraTax CS automatically transfers these amounts from the federal passthrough entities the in K1 screen when applicable. UltraTax CS automatically allocates these amounts and subtracts them from the federal total amount before multiplying by the apportionment percentage. UltraTax CS adds these allocated amounts to the apportioned business amount and displays the totals on Form 165, Schedule K-1, Schedule K-1(NR), and Form 140NR.
US exempt dividends
Enter the adjustment amounts. UltraTax CS automatically transfers these amounts from the federal passthrough entities in the K1 screen when applicable. UltraTax CS automatically allocates these amounts and subtracts them from the federal total amount before multiplying by the apportionment percentage. UltraTax CS adds these allocated amounts to the apportioned business amount and displays the totals on Form 165, Schedule K-1, Schedule K-1(NR), and Form 140NR.

Depreciation

Federal depreciation expense / … / Depreciation adjustment for property sold
Enter the adjustment amounts. UltraTax CS automatically allocates these amounts and subtracts them from the federal total amount before multiplying by the apportionment percentage. UltraTax CS adds these allocated amounts to the apportioned business amount and displays the totals on Form 165, Schedule K-1, Schedule K-1(NR), and Form 140NR.

Other Schedule K-1 Information

Adjustment of partnership income to Arizona basis
Enter the nonbusiness adjustment of partnership income to Arizona basis. UltraTax CS automatically allocates this amount and subtracts it from the federal total amount before multiplying by the apportionment percentage. UltraTax CS adds this allocated amount to the apportioned business amount and displays the totals on Schedule K-1(NR) and Form 140NR.

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