Form Tc-65 - Partnership/ Limited Liability Partnership/ Limited Liability Company - 2012 Page 25
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
26If additional lines are needed to report any category,
Utah Schedule K-1 the partnership received showing
you may use additional forms TC-250.
these credits when fi ling this partnership’s return.
Part 1 – Utah Nonrefundable Credits
First Column
Enter in the fi rst column the federal EIN shown in box
Received from Other Pass-through
“A” of the Utah Schedule K-1 received by this partner-
Entities
ship from the upper-tier pass-through entity.
Utah nonrefundable tax credits allocated to this partner-
Second Column
ship by an upper-tier pass-through entity and shown
on the Utah Schedule K-1 received from the upper-tier
Enter in the second column the name shown in box “B”
pass-through entity must be reported in Part 1. These
of the Utah Schedule K-1 received by this partnership
credits are found on the Utah Schedule K-1 under
from the upper-tier pass-through entity.
nonrefundable credits with a credit code. Do not include
Third Column
the Utah Schedule K-1 the partnership received show-
Enter in the third column the refundable credit code
ing these credits when fi ling this partnership’s return.
shown on the Utah Schedule K-1 received by this
First Column
partnership from the upper-tier pass-through entity.
Enter in the fi rst column the federal EIN shown in box
Fourth Column
“A” of the Utah Schedule K-1 received by this partner-
Enter in the fourth column the amount of the allocated
ship from the upper-tier pass-through entity.
Utah refundable credit shown on the Utah Schedule
Second Column
K-1 received by this partnership from the upper-tier
Enter in the second column the name shown in box “B”
pass-through entity.
of the Utah Schedule K-1 received by this partnership
Carry the refundable credits over to the Utah Schedule
from the upper-tier pass-through entity.
K, line 18 for this return. If you have multiple credits for
the same credit code, combine the credit amounts before
Third Column
entering on the Schedule K. Allocate the credit to the
Enter in the third column the nonrefundable credit
partners on their individual Schedule K-1 based on their
code shown on the Utah Schedule K-1 received by
ownership percentage or the partnership agreement.
this partnership from the upper-tier pass-through entity.
Part 3 – Utah Mineral Production
Fourth Column
Withholding Tax Credit Received on
Enter in the fourth column the amount of the distributed
Utah nonrefundable credit shown on the Utah Schedule
TC-675R
K-1 received by this partnership from the upper-tier
Utah mineral production tax withheld on production
pass-through entity.
income received by this partnership from the producer
Carry the nonrefundable credits over to the Utah
shown on form TC-675R must be reported in Part 3. Do
Schedule K, line 17 for this return. If you have multiple
not include the TC-675R with your partnership return.
credits for the same credit code, combine the credit
First Column
amounts before entering on the Schedule K. Allocate
Enter in the fi rst column the federal EIN shown in box
the credit to the partners on their individual Schedule
“2” of the form TC-675R received by this partnership.
K-1 based on their ownership percentage or the part-
nership agreement.
Second Column
Part 2 – Utah Refundable Credits
Enter in the second column the producer’s name
shown in box “1” of the form TC-675R received by this
Received from Other Pass-through
partnership.
Entities
Third Column
Utah refundable tax credits allocated to this partner-
Enter in the third column the amount of the mineral
ship by an upper-tier pass-through entity and shown
production withholding tax shown in box “5” of the form
on the Utah Schedule K-1 received from the upper-tier
TC-675R received by this partnership.
pass-through entity must be reported in Part 2. These
credits are found on the Utah Schedule K-1 under re-
Total the mineral production withholding amounts shown
fundable credits with a credit code. Do not include the
in the third column. Carry this total to the Utah Schedule
K for this return and enter it on line 18 using code “46.”
Allocate this amount to the partners on their individual
Schedule K-1 based on their ownership percentage or
the partnership agreement.
Page 23
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial