Form Tc-65 - Partnership/ Limited Liability Partnership/ Limited Liability Company - 2012 Page 16
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26Line 4 – Guaranteed Payments
Line 12 – Other Income (Loss)
Enter in the fi rst column the total federal guaranteed
Enter in the fi rst column the federal other income (loss)
payments from line 4 of the federal Schedule K. En-
from line 11 of the federal Schedule K. Enter in the Utah
ter in the Utah column the total reported on all Utah
column the total reported on all Utah Schedules K-1.
Schedules K-1.
Describe the type of income in the space provided.
Line 5a – U.S. Government Interest Income
Line 13 – Section 179 Deduction
Enter in the federal column the total U.S. government
Enter in the fi rst column the federal section 179 deduction
interest income reported on all federal Schedules K-1.
from line 12 of the federal Schedule K. Enter in the Utah
Enter in the Utah column the total Utah portion reported
column the total reported on all Utah Schedules K-1.
on Utah Schedules K-1.
Line 14 – Contributions
Line 5b – Municipal Bond Interest Income
Enter in the fi rst column the federal contributions from
Enter in the federal column the total municipal bond
line 13a of the federal Schedule K. Enter in the Utah
interest income reported on all federal Schedules K-1.
column the total reported on all Utah Schedules K-1.
Enter in the Utah column the total Utah taxable portion
reported on Utah Schedules K-1.
Line 15 – Foreign Taxes Paid or Accrued
Enter in the fi rst column the federal foreign taxes paid or
For additional information on the Utah treatment of
accrued from line 16l of the federal Schedule K. Enter in the
municipal bond interest, go to incometax.utah.gov/
Utah column the total reported on all Utah Schedules K-1.
additions/municipal-bond-interest.
Line 16 – Other Deductions
Line 5c – Other Interest Income
Enter in the fi rst column the federal other deductions
Enter in the federal column the total other interest
from lines 13b, 13c and 13d of the federal Schedule
income (other than interest income shown on lines 5a
K. Enter in the Utah column the total reported on all
and 5b above) reported on all federal Schedules K-1.
Utah Schedules K-1.
Enter in the Utah column the total Utah portion reported
on Utah Schedules K-1.
Describe the type of deduction in the space provided.
Line 6 – Ordinary Dividends
Line 17 – Utah Nonrefundable Credits
Enter in the fi rst column the federal ordinary dividends
In the Utah column, enter the Utah nonrefundable
from line 6a of the federal Schedule K. Enter in the Utah
credits being distributed to the partners. Describe the
column the total reported on all Utah Schedules K-1.
nonrefundable credit in the space provided, and enter
the Utah code for the credit (see Nonrefundable Cred-
Line 7 – Royalties
its, below). If a credit was received from an upper-tier
Enter in the fi rst column the federal royalties from line
pass-through entity, also complete and attach TC-250.
7 of the federal Schedule K. Enter in the Utah column
the total reported on all Utah Schedules K-1.
Line 18 – Utah Refundable Credits
In the Utah column, enter the Utah refundable credits
Line 8 – Net Short-term Capital Gain (Loss)
being distributed to the partners. Describe the refundable
Enter in the fi rst column the federal net short-term
credit in the space provided, and enter the Utah code
capital gain (loss) from line 8 of the federal Schedule
for the credit (see Refundable Credits on page 17). If
K. Enter in the Utah column the total reported on all
a credit was received from an upper-tier pass-through
Utah Schedules K-1.
entity, also complete and attach TC-250.
Line 9 – Net Long-term Capital Gain (Loss)
Line 19 – Total Utah Tax Withheld on Behalf of All
Enter in the fi rst column the federal net long-term capi-
Partners
tal gain (loss) from lines 9a through 9c of the federal
In the Utah column, enter the total amount of Utah
Schedule K. Enter in the Utah column the total reported
withholding tax withheld on behalf of all the partners
on all Utah Schedules K-1.
who are pass-through entity taxpayers by the part-
nership, and for whom the waiver from withholding
Line 10 – Net Section 1231 Gain (Loss)
was not requested. This amount must match the total
Enter in the fi rst column the federal net section 1231 gain
pass-through withholding tax on Schedule N, column
(loss) from line 10 of the federal Schedule K. Enter in the
I for all pass-through entity taxpayers who have Utah
Utah column the total reported on all Utah Schedules K-1.
withholding tax withheld.
Line 11 – Recapture of Section 179 Deduction
Enter in the fi rst column the federal recapture of a benefi t
Nonrefundable Credits Passed
from a deduction under Section 179 from line 20c, codes
-through on Schedule K
L and M of the federal Schedule K. Enter in the Utah
column the total reported on all Utah Schedules K-1.
Nonrefundable credits on a partnership return are
entered on Schedule K and then allocated and passed-
through to the partners on Schedule K-1. Nonrefund-
able credits may not be used against any tax owed by
the partnership.
Page 14
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial