Form Tc-65 - Partnership/ Limited Liability Partnership/ Limited Liability Company - 2012 Page 21
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26Schedule K-1 – PartnerÊs Share of Utah Income,
Deductions and Credits Instructions
Complete a Utah TC-65, Schedule K-1 for each partner,
For a nonresident partner, enter the distributive share
showing the share of income, gains, losses, deductions,
of apportioned Utah ordinary business income (loss)
and Utah credits that are distributed to the partner.
and Utah nonbusiness income which is included in
the amount reported on the Utah Schedule A, line 16.
Partnership Information
Line 2 – Utah Net Rental Real Estate Income
Line A –
Enter the partnership’s federal identifi ca-
(Loss)
tion number
For a Utah resident partner, enter the amount from
Line B –
Enter the complete name and address of
their federal Schedule K-1, box 2.
the partnership
For a nonresident partner, enter the distributive share
Partner Information
of apportioned Utah net rental real estate income (loss)
included in the amount reported on the Utah Schedule
Line C – Enter the partner’s social security or fed-
A, line 16.
eral employer identifi cation number
Line D – Enter the partner’s complete name and
Line 3 – Utah Other Net Rental Income (Loss)
address
For a Utah resident partner, enter the amount from
their federal Schedule K-1, box 3.
Line E –
Enter the partner’s telephone number
For a nonresident partner, enter the distributive share
Line F –
Enter the percent of ownership the partner
of apportioned Utah other net rental income (loss) in-
has in the partnership
cluded in the amount reported on the Utah Schedule
Line G – Enter an “X” if the partner is a limited part-
A, line 16.
ner or limited member.
Line 4 – Utah Guaranteed Payments
Line H – Enter the code identifying the type of
Enter the partner’s guaranteed payment, if any, from
entity the partner is. The codes are printed
their federal Schedule K-1, box 4. If the partner is a
on Schedule K-1.
nonresident, enter the guaranteed payment attributable
Line I –
Enter the date the partner affi liated with
to Utah source income, if any.
this partnership, and the date of withdraw-
Line 5a – Utah U.S. Government Interest Income
al if the partner is no longer a member of
For a Utah resident partner, enter the amount of U.S.
this partnership, if applicable.
government interest income included in box 5 of their
Other Information
federal Schedule K-1.
Enter any additional information or explanation of en-
For a nonresident partner, enter the distributive share
tries needed by the partner in order to complete the
of apportioned Utah U.S. government interest income
partner’s individual Utah return.
included in the amount reported on the Utah Schedule
A, line 16.
Reminder:
For a Utah resident partner, report the same informa-
Line 5b – Utah Municipal Bond Interest Income
tion on their Utah Schedule K-1 for income, losses
For a Utah resident partner, enter the amount of Utah
and deductions that was reported on their federal
taxable municipal bond interest income included on
Schedule K-1.
their federal Schedule K-1, line 18.
For a Utah nonresident partner, report the apportioned
For a nonresident partner, enter the distributive share
Utah income, losses and deductions multiplied by their
of apportioned Utah taxable municipal bond interest
ownership interest in the partnership. Use the appor-
income.
tionment fraction from Schedule A, line 14. Expenses
directly attributable to Utah sources should be deducted
Line 5c – Utah Other Interest Income
against Utah income in total and not apportioned.
For a Utah resident partner, enter the amount of other
Portfolio income should not be allocated to nonresi-
interest income (other than interest income shown on
dent partners. See Schedule A, line 9 instructions on
line 5a and 5b above) included in box 5 of their federal
page 8.
Schedule K-1.
Utah nonrefundable and refundable credits passed
For a nonresident partner, enter the distributive share
through from the partnership to both Utah resident
of apportioned Utah other interest income included in
and nonresident partners are reported on the Utah
the amount reported on the Utah Schedule A, line 16.
Schedule K-1.
Line 6 – Utah Ordinary Dividends
Line 1 – Utah Ordinary Business Income (Loss)
For a Utah resident partner, enter the amount from
For a Utah resident partner, enter the amount from
their federal Schedule K-1, box 6a.
their federal Schedule K-1, box 1.
Page 19
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