Instructions For Form Tc-20s - Utah S Corporation Tax Return - 2012 Page 23
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28For a nonresident shareholder, enter the pro rata share
For a nonresident shareholder, enter the pro rata share
of apportioned Utah contributions included in the amount
of apportioned Utah other deductions included in the
reported on the Utah Schedule A, line 13.
amount reported on the Utah Schedule A, line 13.
Enter the description as shown on the Schedule K in
Line 14 – Utah Investment Interest Expense
the space provided.
For a Utah resident shareholder, enter the amount from
their federal Schedule K-1, box 12, code H.
Line 18 – Utah Nonrefundable Credits
For a nonresident shareholder, enter the pro rata share
Enter each shareholder’s pro rata share of Utah non-
of apportioned Utah investment interest expense in-
refundable credits reported on the Utah Schedule K,
cluded in the amount reported on the Utah Schedule
line 19. Also enter the description and the Utah non-
A, line 13.
refundable credit code as shown on the Schedule K.
Line 15 – Utah Section 59(e)(2) Expenditures
Line 19 – Utah Refundable Credits
For a Utah resident shareholder, enter the amount from
Enter each shareholder’s pro rata share of Utah refund-
their federal Schedule K-1, box 12, code J.
able credits reported on the Utah Schedule K, line 20.
Also enter the description and the Utah refundable
For a nonresident shareholder, enter the pro rata share
credit code as shown on the Schedule K.
of apportioned Utah section 59(e)(2) expenditures in-
cluded in the amount reported on the Utah Schedule
Line 20 – Utah Tax Withheld on Behalf of
A, line 13.
Shareholder
Enter the amount of Utah withholding tax withheld by
Line 16 – Foreign Taxes Paid or Accrued
this corporation on behalf of this shareholder if treated
For a Utah resident shareholder, enter the amount from
as a pass-through entity taxpayer and calculated on
their federal Schedule K-1, box 14, codes L and M.
Schedule N, and for whom the waiver from withholding
For a nonresident shareholder, enter the pro rata share
was not requested (see instructions on page 21). This
of apportioned Utah foreign taxes paid or accrued in-
amount will be claimed on the shareholder’s individual
cluded in the amount reported on the Utah Schedule
Utah return.
A, line 13.
Enter an “X” if the S corporation entered a “1” in the With-
holding Waiver Request box at the top of Schedule N to
Line 17 – Utah Other Deductions
not withhold Utah tax on all pass-through entity taxpayers,
For a Utah resident shareholder, enter the amount
or if the S corporation entered a “2” in the Withholding
from their federal Schedule K-1, box 12, except codes
Waiver Request box at the top of Schedule N and entered
A through H and J.
an “X” on line B of Schedule N for this specifi c shareholder.
Provide each shareholder a copy of their Utah
Schedule K-1.
Schedule M – Qualified Subchapter S
Subsidiaries Instructions
An S corporation that has made a Qualifi ed Subchapter
List only corporations incorporated, qualifi ed or doing
S Subsidiary (QSSS) election under IRC 1361(b) must
business in Utah. Corporations not listed on Schedule
complete Schedule M if any subsidiaries for which
M will not be considered to have met the Utah fi ling
such election was made are incorporated, qualifi ed
requirements.
or doing business in Utah. Federal schedules are not
acceptable as substitutes.
Use of any other form as a substitute for Schedule
M is only acceptable with prior approval from the Tax
Commission. Refer to Pub 99, Guidelines for Substitute
and Copied Utah Tax Forms.
Page 21
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