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club_cafe: Re: Arizona state taxes
Jack's reply is accurate for most clubs. The exception would be for those clubs that have either US Government interest or federally non-taxable interest from sources outside of AZ. In either of those two situations, there are additional calculations required for the AZ 165 and associated K-1s.
 
Ira Smilovitz
 
In a message dated 12/30/2007 9:07:08 P.M. Eastern Standard Time, coljake@bivio.com writes:
Audrey:

I am the treasurer of an Arizona-based Investment Club
partnership. I have found it very easy to prepare the state
forms using the AZ Department of Revenue website. It has a
fillable Acrobat pdf form for partnership returns. Once you
have completed the federal return in bivio, you will have
the data that you need to enter into the AZ partnership
return and state K-1s. There is no calculations necessary;
only data entry.

The URL is
http://www.revenue.state.az.us/Forms/partnership.asp

Jack Ranby

AUDREY HARDING wrote:
> I previously did accounting using Better Investing Club
> Accounting and usually ordered the federal and state tax
> software.  Now that the federal comes with bivio, what
> forms/reports would I need to print to complete the Arizona
> state tax form?  I am assuming you haven't added Arizona to
> your tax software, so I might need to complete the state tax
> form by hand.
>
> Thank you,
>
> Audrey Harding