Form Tc-20 - Utah Corporation Franchise Or Income Tax Return Instructions - 2011 Page 20
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25Schedule E – Prepayments of
Any Type Instructions
Line 1
Line 3
Enter the amount of any refund applied from the prior
List the date, check number and amount of all prepay-
year to the current year’s tax liability.
ments made for the fi ling period. Enter the total amount
on line 3. Attach additional pages, if necessary.
Line 2
Line 4
List the date, check number and amount of any exten-
sion prepayment.
Add lines 1, 2 and 3. Enter the total on this line and on
Schedule A, line 28.
Schedule H – Nonbusiness Income
Net of Expenses Instructions
Complete TC-20, Schedule H to determine nonbusiness
Rental income from real and tangible property is
income allocated to Utah and outside Utah. All income
business income if the property with respect to which
that arises from the conduct of the trade or business
the rental income was received is or was used in the
operations of a taxpayer is business income.
taxpayer’s trade or business and therefore is includ-
able in the property factor. See Tax Commission Rule
Nonbusiness income means all income other than
R865-6F-8(2)(e)(i).
business income and will be narrowly construed. In-
tangible income must be properly classifi ed and based
Complete Schedule H as follows:
upon factual evidence. The burden of proof is on the
• Complete lines 1a through 14 if you are claiming
taxpayer to justify the manner in which the income is
only Utah nonbusiness income.
claimed on the return.
• Complete lines 15a through 28 if you are claiming
Interest income is business income where the intan-
only non-Utah nonbusiness income.
gible with respect to which the interest was received
arises out of or was created in the regular course of
• Complete lines 1a through 28 if you are claiming
the taxpayer’s trade or business operations, or where
both Utah and non-Utah nonbusiness income.
the purpose for acquiring and holding the intangible is
Use additional pages, if necessary, to provide complete
an integral, functional, or operative component of the
information, including a description of the business
taxpayer’s trade or business operations, or otherwise
purpose for making the investment, the transactions
materially contributes to the production of business
creating the non-business income, and the use of rev-
income of the trade or business operations. See Tax
enues generated by the non-business investment.
Commission Rule R865-6F-8(2)(e)(iii).
Dividends are business income where the stock
Utah Nonbusiness Income
with respect to which the dividends were received
arose out of or was acquired in the regular course of
Lines 1a-1e – Utah Nonbusiness Income
the taxpayer’s trade or business operations or where
Complete the information in each column and enter
the acquiring and holding of the stock is an integral,
the gross Utah nonbusiness income from each class
functional, or operative component of the taxpayer’s
of income being specifi cally allocated. Use additional
trade or business operations, or otherwise materially
pages, if necessary, to provide complete information
contributes to the production of business income of
about additional sources of nonbusiness income.
the trade or business operations. See Tax Commission
Rule R865-6F-8(2)(e)(iv).
Line 2 – Total of Columns C and D
Enter the total of the amounts on lines 1a through 1e
Gain or loss from the sale, exchange, or other dis-
in column C and column D.
position of real property or of tangible or intangible
personal property constitutes business income if the
Line 3 – Total Utah Nonbusiness Income
property while owned by the taxpayer was used in, or
Enter the total of the amounts on lines 1a through 1e
was otherwise included in the property factor of the
in column E.
taxpayer’s trade or business. See Tax Commission
Rule R865-6F-8(2)(e)(ii).
Page 18
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