Timeline for Definition of gross income (Arizona state tax filing requirements)
Current License: CC BY-SA 3.0
6 events
| when toggle format | what | by | license | comment | |
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| Feb 26, 2012 at 16:06 | comment | added | Dilip Sarwate | Since at least two people, who presumably have much more knowledge about Arizona tax law that I do, have already down-voted my answer, I think it best that you wait for one of them to enlighten you. | |
| Feb 26, 2012 at 15:01 | comment | added | Jeremy | So, you think that the gross income that it is referring to is my federal gross income? | |
| Feb 25, 2012 at 22:08 | comment | added | Tony the Pony | Looks like my "superior knowledge" might not be worth chicken feed -- things are in fact a bit more muddy in Arizona regarding capital gains, so the OP may be liable for AZ capital gains tax even as a non-resident, similar to your situation. (The good news is that AZ appears to recognize the same tax deferments allowed at the federal level, such as 1031 exchanges). Thanks for sharing an actual case, this is an important caveat. | |
| Feb 25, 2012 at 20:35 | comment | added | Dilip Sarwate | @TheEnglishChicken I am not familiar with Arizona tax law, and will bow to your superior knowledge in this matter. But I have personal experience with a limited-partnership commercial real-estate holding in a different state (which was not my state of residence) and this state did tax my capital gains on the transaction, and did demand that tax returns be filed for previous years. As I remember it, I would not have been taxed on distributions paid by a mutual fund run by a brokerage headquartered in that state, but income definitively generated in the state was taxable, resident or not. | |
| Feb 25, 2012 at 17:43 | comment | added | Tony the Pony | No, this is not how it works. In the OP's case, he is only taxed by Arizona on Arizona-based income (net income from his commercial real estate). Arizona does not tax him on any capital gains on this property as long as he remains a non-resident. | |
| Feb 25, 2012 at 16:25 | history | answered | Dilip Sarwate | CC BY-SA 3.0 |