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Form PTE-12 — Instructions 2024 (continued)
approves it, the entity doesn’t include the Composite (C)
individual in a composite return or pay The nonresident individual owner is included
withholding to the Tax Commission on the in a composite return. If the owner isn’t an
owner’s behalf. individual,* the income can’t be included on a
• The entity includes the nonresident composite return, and code “C” can’t be used.
individual owner’s information on the Affected Business Entity (E)
PTE-12. Enter “A” in the Filing Code column.The entity has elected to pay tax at the entity
level.
Affected business entities
Only complete columns (a), (b), and (e). If the entity uses filing code “E,” it must apply to
The entity has elected to be taxed at the entity all owners.
level. Enter “E” in the Filing Code column. Not Required to Withhold (N)
The owner isn’t subject to backup withholding.
Specific Instructions Backup withholding isn’t required on income of
Heading less than $1,000. Don’t withhold on the income
Enter the entity’s name and Employer of owners and beneficiaries if they aren’t natural
Identification Number (EIN) in the space persons* (including corporations, partnerships,
provided. trusts, and estates).
Entity’s tax year beginning and ending Resident (R)
Enter the beginning and ending date of the The owner is an Idaho resident or part-year
entity’s tax year. resident filing an Idaho individual income tax
return.
Contact name and phone number
Enter the name, phone number, and email Withholding (W)
address of a person we can contact about the The entity is paying backup withholding on
information reported on Form PTE-12. behalf of a nonresident individual owner on
Form PTE-01.
Owner’s name and Social Security number or
Withholding can’t be paid on behalf of another
EIN
entity, and code “W” can’t be used.
Enter the name and corresponding Social
Security number or EIN of each owner as shown Column (b) Idaho Distributable Income
on the Idaho income tax return, one owner per Enter the Idaho distributable income for all filing
line. codes.
This is the amount computed on Form ID K-1,
Address
line 34. If the entity is a partnership, guaranteed
Enter the owner’s address, city, state, and ZIP
payments sourced to Idaho are included in the
code.
Idaho distributable income of the partner. (See
Column (a) Filing Code Guaranteed Payments Guidance at tax.idaho.gov).
Enter one of the following letters corresponding If the beneficiary is an Idaho nonresident, only enter
to the filing code for the owner. the nonresident beneficiary’s share of the distributed
Idaho-source income. Some sources of income
Agreement (A)
may not be Idaho-source income to a nonresident
The nonresident individual owner has provided
beneficiary.
an Idaho nonresident owner agreement
(Form PTE-NROA). *See General Instructions for definition of
“individual.”
By entering the “A” filing code, the entity
agrees that it received and approved
the agreement from the individual* and
acknowledges that the entity is liable for any
tax due if the individual doesn’t file a return
and pay the tax as agreed.
EIN00054 08-05-2024 Page 2 of 3
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