Enlarge image | Arizona Form Additional Credit for Increased Research Activities for Basic Research Payments – Distribution to Partners of a 2022 346-P Partnership For the calendar year 2022 or fiscal year beginning M M D D 2 0 2 2 and ending M M D D Y Y Y Y . Partnership: • Complete Form 346-P for each partner of the partnership except for trust or estate partners. 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. • Include a copy of this form with your return. • Provide a copy of the completed form and the Letter of Approval received from the Arizona Department of Revenue to each partner. • Keep a copy of each completed Form 346-P for your records. Partner: • Use this form to complete your own Form 346. • Include this completed form and a copy of the Letter of Approval received from the Arizona Department of Revenue with your return. • Keep a copy of this form and letters for your records. 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 Partner Information (a) Partnership Name (b) Employer Identification Number (EIN) 1 (a) Partner Name (b) Taxpayer Identification Number (TIN) (c) Proportionate Share 2 % Part 2 Distribution of the Credit Passed Through 3 Enter the total amount of the partnership’s credit from Part 3, line 12 of the partnership’s Form 346 .................................................................................................................................... 3 $ 00 4 Partner’s portion of the partnership research and development credit: Multiply line 3 by the partner’s proportionate share shown on line 2(c). Enter the result. ............................................ 4 $ 00 Partners: Enter the amount from line 4 on your Form 346, Part 2, line 10. ADOR 11283 (22) |