Form Tc-65 Form Tc-65 Tax Return & Instructions Page 25
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27Line G – Mineral Production Withholding Credit
Total Pass-through Entity Withholding
Enter the amount of any mineral production withholding
Add the pass-through withholding in column I for all
tax allocated by the partnership to the pass-through
partners. Enter this total at the bottom of the Schedule
entity taxpayer. The credit for mineral production with-
N and carry it over to TC-65, line 3 and to Schedule
holding tax reduces the amount of Utah withholding tax
K, line 19.
that is calculated for this partner on Schedule N. The
credit should also be reported on line 19 of Schedule
Pass-through Withholding Tax
K-1 for this partner.
Calculation Summary
Line H – Upper-tier Pass-through
The Utah withholding tax for partners who are pass-
Withholding Tax
through entity taxpayers and for whom the waiver is
Enter the amount of any pass-through entity withholding
not requested is calculated as follows:
tax paid by a upper-tier (previous) pass-through entity,
attributable to this partnership, and allocated to the
1. Line E – Enter the income attributable to Utah for
pass-through entity taxpayer of this partnership. The
the partner and any Utah-source guaranteed
payment (other than health insurance).
credit for upper-tier pass-through entity withholding tax
reduces the amount of Utah withholding tax calculated
2. Line F – Multiply the income on line E by the Utah
for this partner on Schedule N. The credit should also
tax rate of 5% (.05).
be reported on line 19 of Schedule K-1 for this partner.
3. Line G – Enter any Utah mineral production with-
Line I –
Withholding Tax to be Paid
holding tax allocated to this partner and which is
by This Partnership
used to reduce the amount of Utah withholding tax
calculated.
Subtract the total of the credits on lines G and H from
the tax calculated on line F for each pass-through entity
4. Line H – Enter any previous Utah withholding tax
taxpayer. Do not enter an amount less than zero.
passed-through to this partnership by an upper-tier
pass-through entity and allocated to this partner,
The withholding tax shown in column I is the with-
and which is used to reduce the amount of Utah
holding tax this partnership must withhold or pay on
withholding tax calculated.
behalf of the pass-through entity taxpayer. Report this
withholding tax on line 19 of Utah Schedule K-1 given
5. Line I – Enter the tax in column F less the sum of
to the partner.
the allocated Utah mineral production withholding
tax in column G and the upper-tier pass-through
This withholding tax is to be paid to the Tax Commis-
withholding tax in column H. This is the pass-through
sion by the original due date of the return. If the return
is being fi led on extension, this withholding tax must
withholding tax that must be paid by the partnership
be prepaid by the original due date.
on behalf of the partner. Do not enter an amount
less than zero.
TC-250 – Credits Received from Upper-tier
Pass-through Entities and Mineral Production
Withholding Tax Credit on TC-675R Instructions
TC-250 is used to report Utah nonrefundable and re-
If additional lines are needed to report any category,
fundable tax credits allocated on a Utah Schedule K-1
you may use additional forms TC-250.
to this partnership by an upper-tier pass-through entity
Part 1 – Utah Nonrefundable Credits
in which this partnership owns an interest, as well as
mineral production withholding tax credits received on
Received from Other Pass-through
a form TC-675R.
Entities
TC-250 must be attached to your partnership return
Utah nonrefundable tax credits allocated to this partner-
if the partnership received an allocation of nonre-
ship by an upper-tier pass-through entity and shown
fundable and/or refundable credits from an upper-
on the Utah Schedule K-1 received from the upper-tier
tier pass-through entity on a Utah Schedule K-1.
pass-through entity must be reported in Part 1. These
credits are found on the Utah Schedule K-1 under
Upper-tier Pass-through Entity. An upper-tier pass-
nonrefundable credits with a credit code. Do not include
through entity is a pass-through entity in which this
the Utah Schedule K-1 the partnership received show-
partnership has an ownership interest and from whom
ing these credits when fi ling this partnership’s return.
this partnership receives an allocation of income, gain,
loss, deduction, or credit on a Utah Schedule K-1.
Page 23
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