Hi Robert @RobertB4444 , thanks for your comment. Assume we only have 1 property in AZ as the investment property.
On 140-NR the instruction it says
Line 21 - Rents, etc.
Enter the following income on line 21:
• Rent or royalty income earned on Arizona properties.
• Income from Form 141AZ Schedule K-1(NR), line 2 from estates or trusts.
• Income or (loss) from Schedule(s) K-1(NR) from Arizona partnerships (Arizona Form 165) or small business corporations (Arizona Form 120S).
So should it be net income-after deduction or total income before any deduction?
