Form Tc-65 - Partnership/ Limited Liability Partnership/ Limited Liability Company - 2012 Page 12
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26Utah Nonbusiness Income
Line 13 – Indirect Related Expenses for Utah
Nonbusiness Income
Lines 1a-1e – Utah Nonbusiness Income
Multiply line 12 by the ratio on line 11.
Complete the information in each column and enter
Line 14 – Total Utah Nonbusiness Income
the gross Utah nonbusiness income from each class
of income being specifi cally allocated. Use additional
Net of Expenses
pages or supporting schedules in the same format, if
Subtract line 13 from line 6. Enter amount here and on
necessary, to provide complete information about ad-
Schedule A, line 10.
ditional sources of Utah nonbusiness income.
Non-Utah Nonbusiness Income
Line 2 – Total of Columns C and D
Enter the total of the amounts on lines 1a through 1e
Lines 15a-15e – Non-Utah Nonbusiness Income
in column C and column D.
Complete the information in each column and enter the
gross non-Utah nonbusiness income from each class of
Line 3 – Total Utah Nonbusiness Income
income being specifi cally allocated. Use additional pages
Enter the total of the amounts on lines 1a through 1e
or supporting schedules in the same format, if neces-
in column E.
sary, to provide complete information about additional
sources of non-Utah nonbusiness income.
Lines 4a-4e – Direct Related Expenses
Describe and enter amounts of direct expenses on the
Line 16 – Total of Columns C and D
same letter line as the corresponding Utah nonbusiness
Enter the total of the amounts on lines 15a through
income is listed on lines 1a through 1e. Direct related
15e in column C and column D.
expenses include wages, interest, depreciation, etc.
(UC §59-7-101).
Line 17 – Total Non-Utah Nonbusiness Income
Enter the total of the amounts on lines 15a through
Line 5 – Total Direct Related Expenses
15e in column E.
Enter the sum of direct related expenses by adding
lines 4a through 4e.
Lines 18a-18e –
Direct Related Expenses
Describe and enter amounts of direct expenses on
Line 6 – Utah Nonbusiness Income Net of Direct
the same letter line as the corresponding non-Utah
Related Expenses
nonbusiness income listed on lines 15a through 15e.
Subtract line 5 from line 3.
Direct related expenses include wages, interest, de-
preciation, etc. (UC §59-7-101).
Line 7 – Beginning-of-Year Assets
Enter in column A the total beginning-of-year value of
Line 19 – Total Direct Related Expenses
assets used to produce Utah nonbusiness income from
Enter the sum of direct related expenses by adding
line 2, column C. Enter in column B the beginning-of-
lines 18a through 18e.
year value of your total assets. Include all assets in
column B, including Utah assets.
Line 20 – Non-Utah Nonbusiness Income Net of
Direct Related Expenses
Line 8 – End-of-Year Assets
Subtract line 19 from line 17.
Enter in column A the total end-of-year value of assets
used to produce Utah nonbusiness income from line
Line 21 – Beginning-of-Year Assets
2, column D. Enter in column B the end-of-year value
Enter in column A the total beginning-of-year value
of your total assets. Include all assets in column B,
of assets used to produce non-Utah nonbusiness
including Utah assets.
income from line 16, column C. Enter in column B the
beginning-of-year value of your total assets. Include all
Line 9 – Sum of Beginning and Ending
assets in column B, including Utah assets.
Asset Values
Add lines 7 and 8 for each respective column.
Line 22 – End-of-Year Assets
Enter in column A the total end-of-year value of assets
Line 10 – Average Asset Value
used to produce non-Utah nonbusiness income from
Divide line 9 by 2 for each column.
line 16, column D. Enter in column B the end-of-year
value of your total assets. Include all assets in column
Line 11 – Utah Nonbusiness Asset Ratio
B, including Utah assets.
Divide line 10 column A by line 10 column B. Round the
result to four decimal places. Do not enter a decimal
Line 23 – Sum of Beginning and Ending
greater than 1.0000 and do not enter a negative number.
Asset Values
Add lines 21 and 22 for each respective column.
Line 12 – Interest Expense
Enter the total amount of interest deducted on form
Line 24 – Average Asset Value
1065, line 15 and elsewhere on the federal return.
Divide line 23 by 2 for each column.
Page 10
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