Questions & Answers

What is Small Business Income (SBI)?

Small Business Income (SBI) includes the income found on the following federal forms:
  • Federal Schedule B: Interest and Ordinary Dividends
  • Federal Schedule C: Profit or Loss from Business
  • Federal Schedule D: Capital Gains and Losses
  • Federal Schedule E: Supplemental Income and Loss
    • Rental real estate
    • Royalties
    • Partnerships
    • S corporations
    • Estates
    • Trusts
    • Farm rental
  • Federal Schedule F: Profit or Loss from Farming
  • Federal Form 4797: Sale of Business Property
Arizona may allow different calculations to be used for this income when you opt to make the SBI election, which may result in reduced Arizona taxes in some cases. See Arizona Publication 712  for more information.

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