Instructions For Form Tc-20s - Utah S Corporation Tax Return - 2012 Page 16
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28Schedule K – ShareholdersÊ Pro Rata
Share Items Instructions
Attach the Utah TC-20S, Schedule K to show the S
Line 7 – Net Short-term Capital Gain (Loss)
corporation’s income, gains, losses, deductions, and
Enter in the fi rst column the federal net short-term
Utah credits that are distributed to the shareholders.
capital gain (loss) from line 7 of the federal Schedule
K. Enter in the Utah column the total reported on all
Number of Schedules K-1 attached to this return
Utah Schedules K-1.
Enter the number of Utah Schedules K-1 that are
attached to this S corporation return and issued to
Line 8 – Net Long-term Capital Gain (Loss)
shareholders.
Enter in the fi rst column the federal net long-term capi-
tal gain (loss) from lines 8a through 8c of the federal
Line 1 – Ordinary Business Income (Loss)
Schedule K. Enter in the Utah column the total reported
Enter in the fi rst column the federal ordinary business
on all Utah Schedules K-1.
income (loss) from line 1 of the federal Schedule K.
Enter in the Utah column the total reported on all Utah
Line 9 – Net Section 1231 Gain (Loss)
Schedules K-1.
Enter in the fi rst column the federal net section 1231
gain (loss) from line 9 of the federal Schedule K. En-
Line 2 – Net Rental Real Estate Income (Loss)
ter in the Utah column the total reported on all Utah
Enter in the fi rst column the federal net rental real es-
Schedules K-1.
tate income (loss) from line 2 of the federal Schedule
K. Enter in the Utah column the total reported on all
Line 10 – Recapture of Section 179 Deduction
Utah Schedules K-1.
Enter in the fi rst column the federal recapture of a
benefi t from a deduction under Section 179 from line
Line 3 – Other Net Rental Income (Loss)
17, code L of the federal Schedule K. Enter in the Utah
Enter in the fi rst column the federal other net rental
column the total reported on all Utah Schedules K-1.
income (loss) from line 3c of the federal Schedule K.
Enter in the Utah column the total reported on all Utah
Line 11 – Other Income (Loss)
Schedules K-1.
Enter in the fi rst column the federal other income (loss)
from line 10 of the federal Schedule K. Enter in the Utah
Line 4a – U.S. Government Interest Income
column the total reported on all Utah Schedules K-1.
Enter in the federal column the total U.S. government
Describe the type of income in the space provided.
interest income reported on all federal Schedules K-1.
Enter in the Utah column the total Utah portion reported
Line 12 – Section 179 Deduction
on Utah Schedules K-1.
Enter in the fi rst column the federal section 179 deduction
from line 11 of the federal Schedule K. Enter in the Utah
Line 4b – Municipal Bond Interest Income
column the total reported on all Utah Schedules K-1.
Enter in the federal column the total municipal bond
interest income reported on all federal Schedules K-1.
Line 13 – Contributions
Enter in the Utah column the total Utah taxable portion
Enter in the fi rst column the federal contributions from
reported on Utah Schedules K-1.
line 12a of the federal Schedule K. Enter in the Utah
For additional information on the Utah treatment of
column the total reported on all Utah Schedules K-1.
municipal bond interest, go to incometax.utah.gov/
Line 14 – Investment Interest Expense
additions/municipal-bond-interest.
Enter in the fi rst column the federal investment inter-
Line 4c – Other Interest Income
est expense from line 12b of the federal Schedule K.
Enter in the federal column the total other interest
Enter in the Utah column the total reported on all Utah
income (other than interest income shown on lines 4a
Schedules K-1.
and 4b above) reported on all federal Schedules K-1.
Line 15 – Section 59(e)(2) Expenditures
Enter in the Utah column the total Utah portion reported
on Utah Schedules K-1.
Enter in the fi rst column the federal section 59(e)(2)
expenditures from line 12c(2) of the federal Schedule
Line 5 – Ordinary Dividends
K. Enter in the Utah column the total reported on all
Enter in the fi rst column the federal ordinary dividends
Utah Schedules K-1.
from line 5a of the federal Schedule K. Enter in the Utah
Line 16 – Foreign Taxes Paid or Accrued
column the total reported on all Utah Schedules K-1.
Enter in the fi rst column the federal foreign taxes paid
Line 6 – Royalties
or accrued from line 14I of the federal Schedule K.
Enter in the fi rst column the federal royalties from line
Enter in the Utah column the total reported on all Utah
6 of the federal Schedule K. Enter in the Utah column
Schedules K-1.
the total reported on all Utah Schedules K-1.
Page 14
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