Form Tc-65 - Utah Partnership / Limited Liability Partnership / Limited Liability Company Return Instructions - 2011 Page 12
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25Line 23 – Sum of Beginning and Ending
Line 26 – Interest Expense
Enter the total amount of interest deducted on form
Asset Values
1120S, line 13 and elsewhere on the federal return.
Add lines 21 and 22 for each respective column.
Line 27 – Indirect Related Expenses for Non-
Line 24 – Average Asset Values
Utah Nonbusiness Income
Divide line 23 by 2 for each column.
Multiply line 26 by the ratio on line 25.
Line 25 – Non-Utah Nonbusiness Asset Ratio
Line 28 – Total Non-Utah Nonbusiness Income
Divide line 24 column A by line 24 column B.
Net of Expenses
Subtract line 27 from line 20. Enter amount here and
on Schedule A, line 11.
Schedule J – Apportionment
Schedule Instructions
Use TC-20, Schedule J to calculate the portion of the
A taxpayer who is a partner in a partnership must in-
taxpayer’s income attributable to Utah, if the taxpayer
clude their pro rata share of the partnership’s sales in
does business both within and outside of Utah.
determining whether it meets the “50 percent of total
sales everywhere” requirement above.
Complete TC-20, Schedule J to determine the ap-
portionment fraction (decimal). The factors express
A taxpayer who is a sales factor weighted taxpayer
a ratio for tangible property in Utah to total tangible
must calculate the apportionment fraction under Part
property everywhere, for wages and salaries in Utah to
3, lines 14 through 16.
total wages and salaries everywhere, and for sales in
Utah to total sales everywhere. These factors or ratios
Other Multistate Taxpayers
are used to arrive at the Utah apportionment fraction
calculated to six decimals. This fraction (decimal) is
For multistate taxpayers that are not sales factor
then applied to the apportionable income (or loss) on
weighted taxpayers, an election may be made to double
Schedule A to arrive at the amount of income (or loss)
weight the sales factor in the apportionment calculation.
apportioned to Utah. In cases where one or more of the
The election is made by entering an “X” on line 10 and
factors is omitted due to peculiar aspects of the busi-
completing lines 11 through 13 on Schedule J.
ness operations, use the number of factors present to
Income or loss from partnership or joint venture inter-
determine the Utah apportionment fraction.
ests must be included in income and apportioned to
Utah through application of the three-factor formula
Sales Factor Weighted
consisting of property, payroll and sales.
Taxpayers
For apportionment purposes, the portion of partner-
ship or joint venture property, payroll and sales to be
For tax years beginning after 2010, every multistate
included in this taxpayer’s property, payroll and sales
taxpayer must determine if they are a Sales Factor
factors must be computed on the basis of the taxpayer’s
Weighted Taxpayer. A sales factor weighted taxpayer
ownership interest in the partnership or joint venture.
is a taxpayer having greater than 50 percent of total
sales everywhere generated by economic activities
Business Activity
performed by the taxpayer, and classifi ed in a NAICS
code of the 2002 or 2007 North American Industry
Briefl y describe the nature and location(s) of your Utah
Classifi cation System, except for a NAICS code within:
business activities in the space provided at the top of
• Section 21, Mining;
this schedule.
• Section 31-33, Manufacturing;
Lines 1a - 1f –
Property Factor
• Section 48-49, Transportation and Warehousing;
Show the average cost value during the taxable year
of real and tangible personal property used in the busi-
• Section 51, Information (except for Subsector 519,
ness within Utah (including leased property) in column
Other Information Services); or
A and overall (including Utah) in column B.
• Section 52, Finance and Insurance.
Page 10
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