Form Tc-65 Form Tc-65 Tax Return & Instructions Page 17
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27For additional information on the Utah treatment of
Line 16 – Other Deductions
municipal bond interest, go to incometax.utah.gov/
Enter in the fi rst column the federal other deductions
additions/municipal-bond-interest.
from lines 13b, 13c and 13d of the federal Schedule
K. Enter in the Utah column the total reported on all
Line 5c – Other Interest Income
Utah Schedules K-1.
Enter in the federal column the total other interest
Describe the type of deduction in the space provided.
income (other than interest income shown on lines 5a
and 5b above) reported on all federal Schedules K-1.
Line 17 – Utah Nonrefundable Credits
Enter in the Utah column the total Utah portion reported
In the Utah column, enter the Utah nonrefundable
on Utah Schedules K-1.
credits being distributed to the partners. Describe the
nonrefundable credit in the space provided, and enter
Line 6 – Ordinary Dividends
the Utah code for the credit (see Nonrefundable Cred-
Enter in the fi rst column the federal ordinary dividends
its, below). If a credit was received from an upper-tier
from line 6a of the federal Schedule K. Enter in the Utah
pass-through entity, also complete and attach TC-250.
column the total reported on all Utah Schedules K-1.
Line 18 – Utah Refundable Credits
Line 7 – Royalties
In the Utah column, enter the Utah refundable credits
Enter in the fi rst column the federal royalties from line
being distributed to the partners. Describe the refundable
7 of the federal Schedule K. Enter in the Utah column
credit in the space provided, and enter the Utah code
the total reported on all Utah Schedules K-1.
for the credit (see Refundable Credits on page 18). If
a credit was received from an upper-tier pass-through
Line 8 – Net Short-term Capital Gain (Loss)
entity, also complete and attach TC-250.
Enter in the fi rst column the federal net short-term
capital gain (loss) from line 8 of the federal Schedule
Line 19 – Total Utah Tax Withheld on Behalf of All
K. Enter in the Utah column the total reported on all
Partners
Utah Schedules K-1.
In the Utah column, enter the total amount of Utah
withholding tax withheld on behalf of all the partners
Line 9 – Net Long-term Capital Gain (Loss)
who are pass-through entity taxpayers by the part-
Enter in the fi rst column the federal net long-term capi-
nership, and for whom the waiver from withholding
tal gain (loss) from lines 9a through 9c of the federal
was not requested. This amount must match the total
Schedule K. Enter in the Utah column the total reported
pass-through withholding tax on Schedule N, column
on all Utah Schedules K-1.
I for all pass-through entity taxpayers who have Utah
withholding tax withheld.
Line 10 – Net Section 1231 Gain (Loss)
Enter in the fi rst column the federal net section 1231 gain
(loss) from line 10 of the federal Schedule K. Enter in the
Nonrefundable Credits Passed
Utah column the total reported on all Utah Schedules K-1.
-through on Schedule K
Line 11 – Recapture of Section 179 Deduction
Nonrefundable credits on a partnership return are entered
Enter in the fi rst column the federal recapture of a benefi t
on Schedule K and then allocated and passed-through
from a deduction under Section 179 from line 20c, codes
to the partners on Schedule K-1. Nonrefundable credits
L and M of the federal Schedule K. Enter in the Utah
may not be used against any tax owed by the partnership.
column the total reported on all Utah Schedules K-1.
Codes and Instructions
Line 12 – Other Income (Loss)
02 Qualifi ed Sheltered Workshop Cash Contribution
Enter in the fi rst column the federal other income (loss)
Credit
from line 11 of the federal Schedule K. Enter in the Utah
column the total reported on all Utah Schedules K-1.
04 Capital Gain Transactions Credit
Describe the type of income in the space provided.
05 Clean Fuel Vehicle Credit (TC-40V)
06 Historic Preservation Tax Credit
Line 13 – Section 179 Deduction
Enter in the fi rst column the federal section 179 deduction
07 Enterprise Zone Tax Credit
from line 12 of the federal Schedule K. Enter in the Utah
08 Low-Income Housing Tax Credit
column the total reported on all Utah Schedules K-1.
10 Recycling Market Development Zone Credit
Line 14 – Contributions
(TC-40R)
Enter in the fi rst column the federal contributions from
12 Credit for Increasing Research Activities in Utah
line 13a of the federal Schedule K. Enter in the Utah
column the total reported on all Utah Schedules K-1.
21 Renewable Residential Energy Systems Credit
(TC-40E)
Line 15 – Foreign Taxes Paid or Accrued
Enter in the fi rst column the federal foreign taxes paid or
24 Qualifying Solar Project Credit
accrued from line 16l of the federal Schedule K. Enter in the
27 Veteran Employment Tax Credit
Utah column the total reported on all Utah Schedules K-1.
Page 15
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