Enlarge image | Arizona Form Agricultural Pollution Control Equipment Credit – 325-P Distribution to Individual Partners of a Partnership 2021 For the calendar year 2021 or fiscal year beginning M M D D 2 0 2 1 and ending M M D D Y Y Y Y . Partnerships: • Complete Form 325-P for each individual partner in the partnership. However, a partnership ownership share that is owned by a grantor trust that is disregarded for federal income tax purposes is treated as owned by the grantor. The grantor may claim his or her share of the credit. • Provide a copy of the completed form to each individual partner. • Keep a copy of each completed Form 325-P for your records. • Include a copy of each completed Form 325-P with your partnership return. Individual Partners: • Use this form to complete your own Form 325. • Include this completed form with your return. • Keep a copy of this form for your records. Corporate taxpayers are not eligible to claim this credit. NOTE: If you file your tax return on a calendar year basis but this entity files a return on a fiscal year basis (see above), claim this credit on your tax return for the year in which this entity’s fiscal year ends. Part 1 Partnership and Individual Partner Information (a) Partnership Name (b) Employer Identification Number (EIN) 1 (a) Individual Partner Name (b) Taxpayer Identification Number (TIN) (c) Ownership Percentage 2 % Part 2 Distribution of the Credit 3 Enter the partnership credit amount from Form 325, Part 3, line 18. ........................................... 3 00 4 Multiply the amount on line 3 by the individual partner’s ownership percentage shown on line 2(c). Enter the result. This is the partner’s portion of the credit .................................................... 4 00 Individual Partners: The amount reported on line 4 is your portion of this credit. The amount on line 4 should be included on your own Form 325, Part 2, line 15. ADOR 11280 (21) |