AR-OI: Other Income Loss and Depreciation Differences (2024)
Arkansas · Arkansas DFA · Used for tax years 2024
Form AR-OI is an Arkansas individual income tax form for reporting other income, losses, and depreciation differences for 2024. It totals additions and subtractions from income and calculates the net amount to enter on line 22 of Form AR1000F or AR1000NR.
Who files this form
AR-OI is Arkansas’s 2024 individual income tax form for reporting other income, losses, and depreciation differences. It includes directions for full-year residents, nonresidents, and part-year residents.
The form specifies which columns to complete:
- Full-year residents: Complete columns A and B for filing status 4, married filing separately on the same return. All other filing statuses complete column A only.
- Nonresidents and part-year residents: Complete columns A, B, and C for filing status 4. All other filing statuses complete columns A and C.
The supplied form does not state a separate filing threshold for AR-OI.
What you'll need
Enter the primary taxpayer’s legal name and Social Security number. Attach the following documents for the items you report:
- Federal depreciation, line 1: A depreciation schedule.
- Gambling winnings, line 4: Form W2-G.
- Pass-through entity adjustments, lines 7 and 15: A schedule and Form AR K-1.
- Cancellation of debt, line 8: Form 1099-C.
- State depreciation, line 11: A depreciation schedule.
- Net operating loss, line 12: Form AR1000NOL.
Common mistakes
- Using the wrong columns: The form directs full-year residents to use column A only, or A and B for filing status 4. Nonresidents and part-year residents use A and C, or A, B, and C for filing status 4.
- Leaving out required attachments: The form calls for supporting documents for depreciation, gambling winnings, pass-through entity adjustments, cancellation of debt, and net operating losses.
- Overlooking the instruction references: Lines 9 and 16, both labeled “Other,” say to see the instructions. Those instructions were not supplied here.
Questions people ask
What do the three columns mean?
Column A is for the primary taxpayer or joint amounts. Column B is for the spouse when using filing status 4. Column C is for Arkansas-only amounts.
Where do I report depreciation?
Report federal depreciation on line 1 under additions to income and state depreciation on line 11 under subtractions from income. Attach a schedule for each.
How do I calculate the totals?
Add lines 1 through 9 to get the income total on line 10. Add lines 11 through 16 to get the losses total on line 17. Subtract line 17 from line 10 to get the net total on line 18.
Where does the net total go on my income tax return?
The form directs you to enter each column’s net total on line 22 of Form AR1000F or AR1000NR.