Clear form Utah Partnership/Limited Liability Partnership/ 2021 65101 Limited Liability Company Return TC-65 9998 For calendar year 2021 or fiscal year (mm/dd/yyyy): beginning - // and ending - // USTC ORIGINAL FORM • Amended Return (code 1-4) • Mark “X” if you filed federal form 8886 Partnership name Address Employer Identification Number City State ZIP + 4 Foreign country (if not U.S.) Telephone number ENTITY TYPE (check one): • General partnership • Limited partnership • Other (describe below) • Limited liability partnership • Limited liability company 1 Date registered in Utah (mm/dd/yyyy) • 1 // 2 If dissolved, date of dissolution (mm/dd/yyyy) • 2 // 3 Total pass-through withholding tax - enter the amount from Schedule N, column I • 3 Note: This amount must be paid by the due date of the return, without extensions 4 Utah use tax • 4 5 Total tax - add line 3 and line 4 5 6 Prepayments made for the year (do not include any pass-through withholding tax or credits - see instr.) • 6 7 Amended return only (see instructions) • 7 8 Total payments - add line 6 and line 7 • 8 9 Tax Due - subtract line 8 from line 5 (not less than zero) • 9 10 Penalties and interest (see instructions) 10 11 Total Due - Pay this amount - add line 9 and line 10 • 11 12 Overpayment - subtract the sum of line 5 and line 10 from line 8 (not less than zero) 12 13 Amount of overpayment on line 12 to be applied to next year • 13 14 Refund - subtract line 13 from line 12 • 14 USTC USE ONLY Under penalties of perjury, I declare to the best of my knowledge and belief, this return and accompanying schedules are true, correct and complete. SIGN Signature of general partner or member manager Date Title “X” if USTC may discuss HERE this return with preparer below: Preparer’s signature Date Preparer’s telephone number Preparer’s PTIN Paid • Preparer’s Firm’s name and address Preparer’s EIN Section • |
Schedule A - Utah Taxable Income for Pass-through Entity Taxpayers TC-65, Sch. A 65102 EIN 2021 USTC ORIGINAL FORM 1 Net income (loss) from federal form 1065, Schedule K, Analysis of Net Income (Loss), line 1 • 1 2 Contributions from federal form 1065, Schedule K, line 13a • 2 3 Foreign taxes from federal form 1065, Schedule K, line 21 • 3 4 Recapture of Section 179 deduction from all federal Schedules K-1, box 20, code M • 4 5 Payroll Protection Program grant or loan addback (see instructions) • 5 6 (Reserved, see instructions) • 6 7 Total income (loss) - add lines 1 through 6 7 8 Total guaranteed payments to partners (see instructions) • 8 9 Health insurance included in guaranteed payments on line 8 • 9 10 Net guaranteed payments to partners - subtract line 9 from line 8 10 11 Utah net nonbusiness income from TC-20, Schedule H, line 14 • 11 12 Non-Utah net nonbusiness income from TC-20, Schedule H, line 28 • 12 13 Add lines 10 through 12 13 14 Apportionable income (loss) - subtract line 13 from line 7 • 14 15 Apportionment fraction - enter 1.000000, or TC-20, Schedule J, line 9 or 10, if applicable • 15 16 Utah apportioned business income (loss) - multiply line 14 by line 15 • 16 17 Total Utah income (loss) allocated to pass-through entity taxpayers - add line 11 and line 16 • 17 |
Schedule H - Utah Nonbusiness Income Net of Expenses TC-20, Sch. H Pg. 1 20161 EIN 2021 USTC ORIGINAL FORM (use with TC-20, TC-20S and TC-65) Note: Failure to complete this form may result in disallowance of the nonbusiness income. Part 1 - Utah Nonbusiness Income (nonbusiness income allocated to Utah) A B C D E Type of Utah Acquisition Date of Beginning Value of Investment Ending Value of Investment Utah Nonbusiness Income Nonbusiness Income Utah Nonbusiness Used to Produce Utah Used to Produce Utah Asset(s) Nonbusiness Income Nonbusiness Income 1a // 1b // 1c // 1d // 1e // 2 Total of column C and column D 3 Total Utah nonbusiness income - add column E for lines 1a through 1e Description of direct expenses related to: Amount of Direct Expense 4a Line 1a above 4b Line 1b above 4c Line 1c above 4d Line 1d above 4e Line 1e above 5 Total direct related expenses - add lines 4a through 4e 6 Utah nonbusiness income net of direct related expenses - subtract line 5 from line 3 • Column A Column B Indirect Related Expenses for Total Assets Used to Produce Total Assets Utah Nonbusiness Income Utah Nonbusiness Income 7 Beginning-of-year assets (enter in Column A the amount from line 2, col. C) 8 End-of-year assets (enter in Column A the amount from line 2, col. D) 9 Sum of beginning and ending asset values (add line 7 and line 8) 10 Average asset value - divide line 9 by 2 11 Utah nonbusiness assets ratio - line 10, Column A, divided by line 10, Column B (to four decimal places) 12 Interest expense deducted in computing Utah taxable income (see instructions) 13 Indirect related expenses for Utah nonbusiness income - multiply line 11 by line 12 14 Total Utah nonbusiness income net of expenses - subtract line 13 from line 6 • Enter on: TC-20, Schedule A, line 6; TC-20S, Schedule A, line 8; or TC-65, Schedule A, line 11 |
Schedule H - Non-Utah Nonbusiness Income Net of Expenses TC-20, Sch. H Pg. 2 20162 EIN 2021 (use with TC-20, TC-20S and TC-65) Part 2 - Non-Utah Nonbusiness Income (nonbusiness income allocated outside Utah) A B C D E Type of Non-Utah Acquisition Date of Beginning Value of Investment Ending Value of Investment Non-Utah Nonbusiness Nonbusiness Income Non-Utah Used to Produce Non-Utah Used to Produce Non-Utah Income Nonbusiness Asset(s) Nonbusiness Income Nonbusiness Income 15a // 15b // 15c // 15d // 15e // 16 Total of column C and column D 17 Total non-Utah nonbusiness income - add column E for lines 15a through 15e Description of direct expenses related to: Amount of Direct Expense 18a Line 15a above 18b Line 15b above 18c Line 15c above 18d Line 15d above 18e Line 15e above 19 Total direct related expenses - add lines 18a through 18e 20 Non-Utah nonbusiness income net of direct related expenses - subtract line 19 from line 17 • Column A Column B Indirect Related Expenses for Total Assets Used to Produce Total Assets Non-Utah Nonbusiness Income Non-Utah Nonbusiness Income 21 Beginning-of-year assets (enter in Column A the amount from line 16, col. C) 22 End-of-year assets (enter in Column A the amount from line 16, col. D) 23 Sum of beginning and ending asset values (add line 21 and line 22) 24 Average asset value - divide line 23 by 2 25 Non-Utah nonbusiness assets ratio - line 24, Column A, divided by line 24, Column B (to four decimal places) 26 Interest expense deducted in computing non-Utah taxable income (see instructions) 27 Indirect related expenses for non-Utah nonbusiness income - multiply line 25 by line 26 28 Total non-Utah nonbusiness income net of expenses - subtract line 27 from line 20 • Enter on: TC-20, Schedule A, line 7; TC-20S, Schedule A, line 9; or TC-65, Schedule A, line 12 |
Schedule J - Apportionment Schedule TC-20, Sch. J Pg. 1 20163 EIN 2021 USTC ORIGINAL FORM (use with TC-20, TC-20S, TC-20MC and TC-65) Note: Use this schedule only if the entity does business in Utah and one or more other states and income must be apportioned to Utah. Briefly describe the nature and location(s) of your Utah business activities: Apportionable Income Factors Column A Column B 1 Property Factor Inside Utah Inside and Outside Utah a Land • 1a • b Depreciable assets • 1b • c Inventory and supplies • 1c • d Rented property • 1d • e Other allowable property (see instructions) • 1e • f Total tangible property - add lines 1a through 1e • 1f • 2 Property factor - divide line 1f, Column A, by line 1f, Column B (to six decimal places) • 2 3 Payroll Factor a Total wages, salaries, commissions and other compensation • 3a • 4 Payroll factor - divide line 3a, Column A, by line 3a, Column B (to six decimal places) • 4 5 Sales Factor a Total sales (gross receipts less returns and allowances) • 5a b Sales delivered or shipped to Utah buyers from outside Utah • 5b c Sales delivered or shipped to Utah buyers from within Utah • 5c d Sales shipped from Utah to the United States government • 5d e Sales shipped from Utah to buyers in states where the corp. • 5e has no nexus (corporation not taxable in buyer’s state) f Rent and royalty income • 5f • g Services and other allowable sales (see instructions) • 5g • h Total sales (add lines 5a through 5g) • 5h • 6 Sales factor - line 5h, Column A, divided by line 5h, Column B (to six decimals) • 6 Continued on page 2 |
Schedule J - Apportionment Schedule TC-20, Sch. J Pg. 2 20164 EIN 2021 USTC ORIGINAL FORM (use with TC-20, TC-20S, TC-20MC and TC-65) Ź 7 All entities - enter your NAICS code here (see instructions) • 7 Apportionment Fraction Optional apportionment taxpayers (see instructions) complete Part 1 or Part 2. Sales factor weighted taxpayers (see instructions) complete Part 2. Part 1: Equally-Weighted Three Factor Formula (see instructions for those who qualify) 8 Total factors - add lines 2, 4 and 6 8 9 Calculate the Apportionment Fraction to SIX DECIMALS • 9 Divide line 8 by 3(or the number of factors present) Part 2: Sales Factor Formula (see instructions for those who qualify) 10 Apportionment Fraction - enter the six-decimal sales factor from line 6 • 10 Enter the fraction from line 9 or line 10, above, as follows: TC-20 filers: Enter on TC-20, Schedule A, line 12 TC-20S filers: Enter on TC-20S, Schedule A, line 12 TC-20MC filers: Enter on TC-20MC, Schedule A, where indicated TC-65 filers: Enter on TC-65, Schedule A, line 15 |
Schedule K - Partners’ Distribution Share Items TC-65, Sch. K 65103 EIN 2021 USTC ORIGINAL FORM Ź Number of Schedules K-1 attached to this return • Federal Amount Utah Amount 1 Ordinary business income (loss) 2 Net rental real estate income (loss) 3 Other net rental income (loss) 4 Guaranteed payments 5a U.S. government interest income 5b Municipal bond interest income 5c Other interest income 6 Ordinary dividends 7 Royalties Income (Loss) 8 Net short-term capital gain (loss) 9 Net long-term capital gain (loss) 10 Net Section 1231 gain (loss) 11 Recapture of Section 179 deduction 12 Other income (loss) (describe) 13 Section 179 deduction 14 Contributions 15 Foreign taxes paid or accrued 16 Other deductions (describe) Deductions 17 Utah nonrefundable credits - enter the name of the Utah credit Code Credit Amount 18 Utah refundable credits - enter the name of the Utah credit Code Credit Amount Utah Credits 19 Total Utah tax withheld on behalf of all partners from Schedule N, column l |
Schedule K-1 - Partner’s Share TC-65, Sch. K-1 65104 of Utah Income, Deductions and Credits 2021 USTC ORIGINAL FORM Partnership Information Partner’s Share of Utah Income, Deductions and Credits 1 Utah ordinary business income (loss) A Partnership’s EIN: 2 Utah net rental real estate income (loss) B Partnership’s name, address, city, state, and ZIP code 3 Utah other net rental income (loss) 4 Utah guaranteed payments 5a Utah U.S. government interest income Partner Information 5b Utah municipal bond interest income 5c Utah other interest income C Partner’s SSN or EIN: 6 Utah ordinary dividends D Partner’s name, address, city, state, and ZIP code 7 Utah royalties 8 Utah net short-term capital gain (loss) 9 Utah net long-term capital gain (loss) E Partner’s phone number 10 Utah net Section 1231 gain (loss) F Percent of ownership 11 Utah recapture of Section 179 deduction G Enter “X” if limited partner or member 12 Utah other income (loss) (describe) H Entity code from list below: I = Individual P = Gen’l Partnership C = Corporation L = Limited Partnership S = S Corporation B = LLC R = LLP -- Codes -- N = Nonprofit Corp. T = Trust O = Other 13 Utah Section 179 deduction I Enter date: // // 14 Contributions affiliated withdrawn Partner’s Share of Apportionment Factors 15 Foreign taxes paid or accrued Utah Total J Property $ $ 16 Utah other deductions (describe) K Payroll $ $ L Sales $ $ 17 Utah nonrefundable credits: Other Information Name of Credit Code Credit Amount 18 Utah refundable credits: Name of Credit Code Credit Amount Note: To complete lines 1 through 16: * Utah residents, enter the amounts from federal Schedule K-1. 19 Utah tax withheld on behalf of partner * Utah nonresidents, see instructions to calculate amounts. “X” if withholding waiver applied for All filers complete lines 17 through 19, if applicable. |
Schedule N - Pass-through Entity Withholding Tax TC-65, Sch. N 65105 EIN 2021 USTC ORIGINAL FORM A partnership with nonresident individual partners, resident/nonresident business partners, or resident/nonresident trust or estate partners must complete the information below to calculate the Utah withholding tax for these partners. WITHHOLDING WAIVER CLAIMED under §59-10-1403.2(5): If partners will pay the Utah tax on their own returns: • Enter " " to1claim a waiver for ALL partners (enter " " in columnX B and " " in column0F for all partners) Enter " " to2claim a waiver for SOME partners (enter " " in columnX B and " " in column0F for those partners claimed) See Schedule N instructions for liability responsibilities when claiming a waiver. A Name of partner E Income (loss) F 4.95% of income - G Mineral production I Withholding tax B Withholding waiver for this partner attributable to Utah E times .0495 withholding credit to be paid by (enter “ ” inXcolumn andB“ ” in column 0 ) F plus Utah source (not less than zero) this partnership C SSN or EIN of partner guaranteed pymts H Upper-tier pass- F less G and H D Partner’s % of income or ownership (see instructions) through withholding (not less than 0) #1 A E F G I • B H • C D #2 A E F G I • B H • C D #3 A E F G I • B H • C D #4 A E F G I • B H • C D #5 A E F G I • B H • C D #6 A E F G I • B H • C D #7 A E F G I • B H • C D Report the partner’s pass-through withholding Total Utah withholding tax to be paid by this partnership: tax from column I on Schedule K-1, line 19 Enter on TC-65, line 3 and on Sch. K, line 19. |
Credits Received from Upper-tier Pass-through Entities TC-250 25101 and Mineral Production Withholding Tax Credit on TC-675R 2021 EIN (use with TC-20S, TC-41 and TC-65) USTC ORIGINAL FORM Part 1 - Utah Nonrefundable Credits Received from Upper-tier Pass-through Entities Upper-tier pass-through UT nonrefundable entity EIN from Utah Name of upper-tier pass-through entity Credit credit from Sch. K-1, box “A” from Utah Schedule K-1, box “B” Code Utah Sch. K-1 1 2 3 4 5 6 Enter these credits on Utah TC-20S Sch. K, line 18, or TC-41 Sch. A, Part 3 or 4, or TC-65 Sch. K, line 17, using the credit code above. Combine amounts for the same codes. Part 2 - Utah Refundable Credits Received from Upper-tier Pass-through Entities Upper-tier pass-through entity EIN from Utah Name of upper-tier pass-through entity Credit UT refundable credit Sch. K-1, box “A” from Utah Schedule K-1, box “B” Code from Utah Sch. K-1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Enter these credits on Utah TC-20S Sch. K, line 19, or TC-41 Sch. A, Part 5, or TC-65 Sch. K, line 18, using the credit code above. Combine amounts for the same codes. Part 3 - Utah Mineral Production Withholding Tax Credit Received on TC-675R Mineral production Producer EIN from withholding from TC-675R, box “2” Producer’s name from TC-675R, box “1” TC-675R, box “6” 1 2 3 4 5 6 7 8 9 10 Total Utah mineral production withholding tax credit received on TC-675R Enter total credit on Utah TC-20S Sch. K, line 19, or TC-41 Sch. A, Part 5, or TC-65 Sch. K, line 18, using credit code 46. |