Form Tc-20 - Utah Corporation Franchise Or Income Tax Return Instructions - 2011 Page 21
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25Lines 4a-4e – Direct Related Expenses
Line 16 – Total of Columns C and D
Describe and enter amounts of direct expenses on the
Enter the total of the amounts on lines 15a through
same letter line as the corresponding Utah nonbusiness
15e in column C and column D
income is listed on lines 1a through 1e. Direct related
Line 17 – Total Non-Utah Nonbusiness Income
expenses include wages, interest, depreciation, etc.
Enter the total of the amounts on lines 15a through
(UC §59-7-101).
15e in column E.
Line 5 – Total Direct Related Expenses
Lines 18a-18e –
Direct Related Expenses
Enter the sum of direct related expenses by adding
Describe and enter amounts of direct expenses on
lines 4a through 4e.
the same letter line as the corresponding non-Utah
Line 6 – Utah Nonbusiness Income Net of Direct
nonbusiness income on lines 15a through 15e. Direct
related expenses include wages, interest, depreciation,
Related Expenses
etc. (UC §59-7-101).
Subtract line 5 from line 3.
Line 19 – Total Direct Related Expenses
Line 7 – Beginning-of-Year Assets
Enter the sum of direct related expenses by adding
Enter in column A the total beginning-of-year value of
lines 18a through 18e.
assets used to produce Utah nonbusiness income from
line 2, column C. Enter in column B the beginning-of-
Line 20 – Non-Utah Nonbusiness Income Net of
year value of your total assets. Include all assets in
Direct Related Expenses
column B, including Utah assets.
Subtract line 19 from line 17.
Line 8 – End-of-Year Assets
Line 21 – Beginning-of-Year Assets
Enter in column A the total end-of-year value of assets
Enter in column A the total beginning-of-year value
used to produce Utah nonbusiness income from line
2, column D. Enter in column B the end-of-year value
of assets used to produce non-Utah nonbusiness
income from line 16, column C. Enter in column B the
of your total assets. Include all assets in column B,
beginning-of-year value of your total assets. Include all
including Utah assets.
assets in column B, including Utah assets.
Line 9 – Sum of Beginning and
Line 22 – End-of-Year Assets
Ending Asset Values
Enter in column A the total end-of-year value of assets
Add lines 7 and 8 for each respective column.
used to produce non-Utah nonbusiness income. Enter
in column B the end-of-year value of your total assets.
Line 10 – Average Asset Values
Include all assets in column B, including Utah assets.
Divide line 9 by 2 for each column.
Line 23 – Sum of Beginning and
Line 11 – Utah Nonbusiness Asset Ratio
Ending Asset Values
Divide line 10 column A by line 10 column B.
Add lines 21 and 22 for each respective column.
Line 12 – Interest Expense
Line 24 – Average Asset Values
Enter the total amount of interest deducted on federal
form 1120, line 18 and elsewhere on the federal return.
Divide line 23 by 2 for each column.
Line 13 – Indirect Related Expenses for Utah
Line 25 – Non-Utah Nonbusiness Asset Ratio
Nonbusiness Income
Divide line 24 column A by line 24 column B.
Multiply line 12 by the ratio on line 11.
Line 26 – Interest Expense
Enter the total amount of interest deducted on federal
Line 14 – Total Utah Nonbusiness Income
form 1120, line 18 and elsewhere on the federal return.
Net of Expenses
Subtract line 13 from line 6. Enter amount here and on
Line 27 – Indirect Related Expenses for Non-
Schedule A, page 1, line 6.
Utah Nonbusiness Income
Multiply line 26 by the ratio on line 25.
Non-Utah Nonbusiness Income
Line 28 – Total Non-Utah Nonbusiness Income
Lines 15a-15e – Non-Utah Nonbusiness Income
Net of Expenses
Complete the information in each column and enter the
Subtract line 27 from line 20. Enter amount here and
gross non-Utah nonbusiness income from each class
on Schedule A, page 1, line 7.
of income being specifi cally allocated. Use additional
pages, if necessary, to provide complete information
about additional sources of non-Utah nonbusiness
income.
Page 19
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