Form Tc-20mc - Utah Tax Return For Miscellaneous Corporations - 2016 Page 4
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7Schedule A - Tax Calculation
TC-20MC, Sch. A
Pg. 2
20644
2016
EIN
USTC ORIGINAL FORM
Part 3: Homeowners Association with IRC Section 528 Income
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Taxable income (loss) from federal form 1120-H, line 19
• 1
2
Tax - multiply line 1 by 5% (.05) (not less than zero)
• 2
Enter this amount on TC-20MC, line 2.
Attach a copy of federal form 1120-H to this return.
Part 4: Unincorporated Exempt Organization or Exempt Corporation Having Unrelated Business Income
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Unrelated business taxable income (loss) from federal form 990-T, line 34
• 1
2
Apportionment fraction - enter 1.000000, or TC-20, Schedule J, line 9, 13 or 14, if applicable
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Utah taxable income (loss) - multiply line 1 by decimal on line 2
• 3
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Tax - multiply line 3 by 5% (.05) (not less than zero)
• 4
Enter this amount on TC-20MC, line 2
Attach a copy of federal form 990-T to this return.
Part 5: One-day Target Corporation with an IRC Section 338 Election
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Gain (loss) on deemed sale of assets
• 1
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Apportionment fraction (see instructions)
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Utah apportioned gain (loss) - multiply line 1 by decimal on line 2
• 3
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Utah losses carried forward from prior years. Attach documentation. (see instructions)
• 4
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Utah taxable gain (loss) - subtract line 4 from line 3
• 5
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Initial tax - multiply line 5 by 5% (.05) (not less than zero)
• 6
1 0 0 .
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Minimum tax
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Tax - enter the greater of line 6 or line 7
• 8
Enter this amount on TC-20MC, line 2
Attach a copy of the federal return and IRS form 8023 to this return.
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