Idaho Idaho Partnership Return of Income

Idaho Partnership Return of Income
Form 65, Partnership Return of Income and Instructions 2023
Don’t Staple

Amended Return? Check the box.
See page 1 of the instructions for reasons to
amend, and enter the number that applies.

▪

▪

For calendar year
2023 or fiscal year
beginning

2023

Mo

Day

Year

Current business mailing address

Mo

23

State use only

Business name

City

8734

Form 65
Partnership Return of Income
Day

ZIP Code

State use only

ending
Federal Employer Identification Number (EIN)

▪
State

Year

NAICS Code

Foreign country (if not U.S.)

1. Check the return type
▪
Regular ▪
Composite
▪
Affected business entity
2. If a federal audit was finalized this year, enter the latest year audited ...................... ▪
3. Is this a final return? ....................................................................................................................................
If yes, check the proper box below and enter the date the event occurred
Withdrawn from Idaho
Dissolved
4. Is this an electrical or telephone utility? .......................................................................................................
5. Did the ownership change during the year?... .............................................................................................
6. Enter the amount of total qualified investments for investment tax credit acquired during this tax year ..... ▪

Yes ▪

No

Yes ▪
Yes ▪

No
No

Yes ▪

No

7. Enter the amount of broadband equipment investment credit earned this tax year .................................... ▪
8. Enter the amount of credit for Idaho research activities earned this tax year .............................................
9. Reserved .....................................................................................................................................................
10. Did you claim the property tax exemption for investment tax credit property acquired this tax year? ........

Income

▪
▪
▪
▪
▪

11
12
13
14
15
16

Interest and dividends not taxable under Internal Revenue Code ................................................
State, municipal, and local taxes measured by net income .........................................................
Bonus depreciation. Include a schedule .......................................................................................
Other additions .............................................................................................................................
Add lines 16 through 20 ................................................................................................................
Subtractions
22. Interest from Idaho municipal securities ...................................................... ▪ 22
23. Interest on U.S. government obligations. Include a schedule ..................... ▪ 23
24. Interest and other expenses related to lines 22 and 23................................ ▪ 24
25. Add lines 22 and 23, then subtract line 24 ....................................................................................
26. Technological equipment donation ................................................................................................
27. Allocated income. Include a schedule .......................................................... ▪ 27
28. Interest and other expenses related to line 27. Include a schedule ............. ▪ 28
29. Subtract line 28 from line 27 ..........................................................................................................
30. Bonus depreciation. Include a schedule ........................................................................................
31. Other subtractions .........................................................................................................................
32. Total subtractions. Add lines 25, 26, 29, 30, and 31 ......................................................................
33. Net business income subject to apportionment. Subtract line 32 from line 21 ..............................

▪
▪
▪
▪

17
18
19
20
21

Don’t Staple

Ordinary income (loss) from trade or business activities. Form 1065, page 1 ..............................
Net income (loss) from rental real estate activities. Form 1065, Schedule K ...............................
Net income (loss) from other rental activities. Form 1065, Schedule K ........................................
Portfolio income (loss). Form 1065, Schedule K ...........................................................................
Other items. See instructions ........................................................................................................
Net distributable income. Add lines 11 through 15 ........................................................................

11.
12.
13.
14.
15.
16.

Additions
17.
18.
19.
20.
21.

Continue to page 2.
Return and payment - Mail to: Idaho State Tax Commission, PO Box 83784 Boise ID 83707-3784
Return only - Mail to: Idaho State Tax Commission, PO Box 56, Boise, ID 83756-0056
Include a complete copy of your federal Form 1065.
EFO00035

09-13-2023

Page 1 of 2

25
▪ 26

29

▪ 30
▪ 31
32

▪ 33

▪

Form 65
34. Net business income subject to apportionment. Enter the amount from line 33 ......................
34
35. Partnerships with all activity in Idaho enter 100%. Multistate/multinational partnerships
complete and include Form 42; enter the apportionment factor from Form 42, Part I, line 21 .............. ▪
36. Net business income apportioned to Idaho. Multiply line 34 by the percent on line 35 ......................... ▪
37. Income allocated to Idaho. See instructions .......................................................................................... ▪
38. Affected business entity (ABE) Idaho net operating loss carryover ...................................................... ▪
39. Reserved ...............................................................................................................................................
40. Income reported on entity’s composite return from Form PTE-12. Include Form PTE-12 .................... ▪
41. ABE income. If electing ABE, add lines 36 and 37 then subtract line 38 .............................................. ▪
Check if ABE has exempt members. See instructions .................................................... ▪

2023

35
36
37
38
39
40
41

(continued)

%

42. Idaho income tax. 5.8% of either line 40 or 41 .............................................................................. ▪ 42

Credits

43. Credit for contributions to Idaho educational entities ................................... ▪ 43
44. Credit for contributions to Idaho youth and rehabilitation facilities .............. ▪ 44
45. Total business income tax credits from Form 44, Part I, line 10.
Include Form 44 ...........................................................................................
45
46. Total credits. Add lines 43 through 45. If ABE has exempt entity members, see instructions .......
47. Subtract line 46 from line 42. If line 46 is greater than line 42, enter zero ....................................

Other Taxes

46
47

▪ 48

48.
49.
50.
51.
52.
53.
54.
55.

Permanent building fund tax. See instructions ..............................................................................
Total tax from recapture of income tax credits from Form 44, Part II, line 6. Include Form 44 ......
Fuels tax due. Include Form 75 .....................................................................................................
Sales/use tax due on untaxed purchases (online, mail order, and other) ..............................
Tax from recapture of qualified investment exemption (QIE). Include Form 49ER ........................
Total tax. Add lines 47 through 52. If ABE has exempt entity members, see instructions .............
Donation to Opportunity Scholarship Program ..............................................................................
Total tax plus donations. Add lines 53 and 54 ...............................................................................

56.
57.
58.
59.
60.

Estimated tax payments. If made under other EINs, provide EINs, amounts, and rollforwards .......... ▪ 56
Tax paid by ABE on your behalf ...................................................................................................... ▪ 57
Special fuels tax refund
Gasoline tax refund
Include Form 75 ....
58
Tax reimbursement incentive credit. Include certificate ................................................................ ▪ 59
Total payments and other credits. Add lines 56 through 59 ..........................................................
60

61.
62.
63.
64.
65.
66.

Tax due. If line 55 is more than line 60, subtract line 60 from line 55 ........................................... ▪
Penalty ▪
Interest from the due date ▪
Enter total .......................
Nonrefundable credit from a prior year return. See Form 44 instructions ..................................... ▪
Total Due. Add lines 61 and 62, then subtract line 63 ................................................................. ▪ 64
Overpayment. If line 55 is less than line 60, subtract line 55 from line 60 ................................... ▪
Refund ......... ▪
Apply to 2024 ......... ▪
See instructions.

▪
▪
▪
▪

Payments and Other Credits

Refund or Payment Due

Amended Return Only. Complete this section to determine your tax due or refund.

67. Total due (line 64) or overpayment (line 65) on this return ...........................................................

49
50
51
52
53
54
55

61
62
63
65

67

68. Refund from original return plus additional refunds ..........................................................................

68

69. Tax paid with original return plus additional tax paid .....................................................................

69

70. Amended tax due or refund. Add lines 67 and 68, then subtract line 69 ......................................

70

▪
Sign
Here

Within 180 days of receiving this return, the Idaho State Tax Commission may discuss this return with the paid preparer identified below.
Under penalties of perjury, I declare that to the best of my knowledge and belief this return is true, correct, and complete. See instructions.
Signature of officer
▪
Title

Paid preparer’s signature
▪
Address
EFO00035

09-13-2023

Date
Phone number
Preparer’s EIN, SSN, or PTIN
▪
Phone number
Page 2 of 2

Form 65 — Instructions
Partnership Return of Income
Instructions are for lines not fully explained on the form.
The partnership must provide each partner with an
Idaho Form ID K-1. This form shows the partner’s
distributive share of Idaho additions, subtractions,
and credit information. For partners who aren’t
individuals, the Form ID K-1 also provides
apportionment factor information that’s needed to
complete their Idaho income tax return. Form ID K-1
also identifies the distributive share of gross income
to help determine Idaho filing requirements of
individual partners.
Include all Form ID K-1s and a complete copy of
federal Form 1065, including all federal Schedule K-1s,
with the Idaho Form 65.

Rounding
Round the amounts on the return to the nearest
whole dollar. Round down if under 50 cents, round
up if 50 cents or more.

Heading
File the 2023 return for calendar year 2023 or a
fiscal year that begins in 2023. For a fiscal year, fill in
the fiscal year beginning and ending dates at the top
of the form.
Write your business name, address, and federal
Employer Identification Number (EIN) in the spaces
provided. Don’t include the dash when entering your
EIN. Also, provide your NAICS (North American
Industry Classification System) code, listed as the
business activity code on your federal return.

Amended Return
You can use this form as an original return or an
amended return.
If you’re filing this form as an amended return,
check the amended return box at the top of the
form. Enter the number from the following list that
best describes your reason for amending.
1.	 Federal Audit
2.	 Federal Amended
3.	 Other – Include an explanation
Complete the entire form using the corrected amounts.

Questions 1-10
Mark the appropriate boxes and provide the
requested information. Answer each question or the
return is considered incomplete. Incomplete returns
EIN00045

09-13-2023 

2023

delay processing. Unanswered questions in this
section will be assumed to be a “no”.
Question 1 Return Type. Check the appropriate box.
A composite return is a single return filed by an entity
on behalf of its eligible owners. An affected business
entity is a partnership that elects to be taxed at the
entity level. Include Form ABE, Affected Business
Entity Election, with your return.
If the entity checks the ABE box and an authorized
person signs the return, no election form is necessary.
If the person who signs the return isn’t authorized
by the entity, the signatures of all members must be
provided on Form ABE.
See additional information including Forms PTE-12
and PTE-01 on our Pass-through Entity Guidance
page at tax.idaho.gov/pte.
Question 2 Federal Audit. Enter the most recent
tax year covered if a federal audit was finalized
during the tax year.
Question 3 Final Return. Check the box that explains
the reason for the partnership’s final return. Enter the
date the partnership dissolved or withdrew from Idaho.
Question 4 Electrical or Telephone Utility. Check
the “Yes” box if this return is for an electrical or
telephone utility.
Question 5 Ownership Change. Check the “Yes”
box if a partner’s interest was terminated or if a new
partner acquired an interest in the partnership.
Question 6 Total Qualified Investments. Enter the
amount from Form 49 or Form 49ABE, line 3, columns
a and b. This is the total qualified investments for the
investment tax credit that the partnership acquired
during the year.
Question 7 Broadband Equipment Investment
Credit. Enter the amount from Form 68, line 2. This
is the broadband equipment investment credit the
partnership earned for the tax year.
Question 8 Credit for Idaho Research Activities.
Enter the amount from Form 67, line 16. This is the
credit for Idaho research activities the partnership
earned for the tax year.
Question 10 Property Tax Exemption. Check the
“Yes” box if you elected the property tax exemption on
personal property that qualifies for the ITC. Include a
copy of your Form 49E.
Page 1 of 8

Form 65 — Instructions
Income
Line 14 Portfolio Income
Enter your net portfolio income or loss from Form
1065, Schedule K, lines 5, 6a, 7, 8, and 9a.
Line 15 Other Items
Enter your other items from Form 1065,
Schedule K. Include any other income, guaranteed
payments, loss or deductions (such as Section 179
or charitable contributions) required to be reported
separately to partners from the federal Form 1065,
Schedule K.

Additions
Line 17 Interest and Dividends not Taxable
Under Internal Revenue Code (IRC)
Enter the interest and dividends net of applicable
amortization received or accrued from obligations
of any state or political subdivision excluded from
federal income under the provisions of the IRC.
Include a schedule.
Line 18 State, Municipal, and Local Taxes
Enter the total of all state, municipal, and local
taxes measured by net income paid or accrued
during the tax year less any refunds included in
federal income. Include a schedule of all taxes
deducted on the federal return.
Line 19 Bonus Depreciation
If you claimed bonus depreciation for federal purposes
for property acquired before 2008 or after 2009:
•	 Complete a separate federal Form 4562 or
detailed computation for Idaho depreciation
purposes as if the special depreciation allowance
hadn’t been claimed
•	 Compute the Idaho adjusted basis and any
gains or losses from the sale or exchange of
property using the Idaho depreciation amounts
•	 If the federal depreciation (including gains and
losses) is more than the Idaho depreciation
(including gains and losses), include the
difference as an addition on this line;
otherwise, enter the difference on line 30
Don’t enter any amounts for property acquired
during 2008 and 2009.
Line 20 Other Additions
Enter any miscellaneous Idaho additions. If you
have separately stated items that must be added
back, include the amount. Include a schedule
identifying each addition.

EIN00045

09-13-2023 

2023 (continued)

Include on this line any amounts excluded from
taxable income for funds received according to the
emergency rental assistance program established
under Public Law 116-260 for COVID relief.

Subtractions
Line 22 Interest From Idaho Municipal Securities
Enter interest income from securities issued by the
state of Idaho and its political subdivisions, if included
on line 17.
Line 23 Interest on U.S. Government Obligations
Idaho doesn’t tax interest income from U.S.
government obligations. Deduct any U.S. government
interest included in portfolio income, line 14. Examples
of U.S. government obligations include:
•	 Banks for Cooperatives
•	 Federal Farm Credit Banks
•	 Federal Financing Bank
•	 Federal Homeowners Loan Bank
•	 Federal Intermediate Credit Bank
•	 Federal Land Bank
•	 Guam
•	 Puerto Rico
•	 Student Loan Marketing Association
•	 Tennessee Valley Authority Bonds
•	 Territory of Alaska
•	 Territory of Hawaii
•	 Territory of Samoa
•	 U.S. Series EE and HH Bonds
•	 U.S. Treasury Bills and Notes
•	 Virgin Islands
Idaho taxes interest income received from the Federal
National Mortgage Association (FNMA) and the
Government National Mortgage Association (GNMA).
If you have interest income from a mutual fund that
invests in both nonexempt securities and exempt U.S.
government securities, you can deduct the portion of
the interest earned that’s attributable to direct U.S.
government obligations. The mutual fund must identify
the amount to be deductible.
Line 24 Interest Expense Offset
Complete the following computation to calculate the
interest expense offset.

Page 2 of 8

Form 65 — Instructions

income. Prorate interest expense related to
business and nonbusiness income. Complete the
following computations to calculate the total amount
of nonbusiness expense offset.

1a. Interest expense. Total interest
expense deducted in determining
federal income ........................................
b. Interest expense disallowed under IRC
Sections 265 and 291 ............................
c. Interest expense from a pass-through
entity .......................................................

 1.

e. Total interest expense. Add lines a
through c and subtract line d .................
2. Total tax-exempt income (interest on
qualifying obligations of the United
States and the state of Idaho, its cities,
and political subdivisions) ......................
3. Total income. ..........................................
Divide line 2 by line 3 .............................

5.

Multiply line 1e by line 4. Enter the
amount on line 24 ...................................

b. Interest expense disallowed under IRC
Sections 265 and 291 ............................
c. Interest expense from a pass-through
entity .......................................................
d. Subtotal. Add lines a through c ..............
%

Line 26 Technological Equipment Donation
Enter the lesser of cost or fair market value of
technological equipment donated to one or more
of the following Idaho educational institutions or
libraries located in Idaho:
•	 Public or nonprofit private elementary or
secondary school
•	 Public or nonprofit private college or university

e. Interest expense included in line 1 ........
f. Interest expense on line 24 attributable
to tax-exempt income .............................
g. Intercompany interest expense .............
h. Total interest expense. Subtract
lines e, f, and g from line d .....................
3. Total nonbusiness income .....................
4.

Total income. ..........................................

5.

Divide line 3 by line 4 .............................
Multiply line 2h by line 5. This is
the interest expense prorated to
nonbusiness income ..............................
Other indirect expenses related to
both business and nonbusiness
income ....................................................

6.

•	 Public library or library district
Items that qualify for this deduction are limited
to computers, computer software, and scientific
equipment or apparatus manufactured within five
years of the date of donation. The amount deducted
can’t reduce Idaho taxable income to less than
zero. Any unused deduction can’t be carried to
another year.
Line 27 Allocated Income
Enter the amount of nonbusiness income. Include
a schedule detailing the source of the income
and explaining why the income was classified as
nonbusiness.
Line 28 Nonbusiness Expense Offset
Add back expenses included in computing federal
income related to the production of allocated
nonbusiness income listed on line 27. Related
expenses include interest on indebtedness incurred
or continued to purchase or carry the assets that
produce the nonbusiness interest and dividend

EIN00045

09-13-2023 

Expenses directly related to
nonbusiness income ..............................

2a. Interest expense. Total interest
expense deducted in determining
federal income.........................................

d. Intercompany interest expense .............

4.

2023 (continued)

7.
8.
9.

%

Multiply line 7 by line 5 ...........................
Add lines 1, 6, and 8. Enter amount
on line 28 ................................................

Line 30 Bonus Depreciation
If you claimed federal bonus depreciation for property
placed in service before 2008 or after 2009:
•	 Complete a separate federal Form 4562 or
detailed computation for Idaho depreciation
purposes as if the special depreciation allowance
hadn’t been claimed
•	 Compute the Idaho adjusted basis and any gains
or losses from the sale or exchange of property
using the Idaho depreciation amounts

Page 3 of 8

Form 65 — Instructions
•	 If the federal depreciation (including gains and
losses) is less than the Idaho depreciation
(including gains and losses), include the
difference as a deduction on this line; otherwise,
enter the difference on line 19
Don’t enter any amounts for property acquired during
2008 and 2009.
Line 31 Other Subtractions
Enter any miscellaneous Idaho deductions. Include
any deductions from separately-stated items you’re
required to report except for deductions not allowed
to partnerships when paying the tax for partners.
Include a schedule identifying each deduction.
Include on this line any amounts included in
taxable income for funds received or loans forgiven
according to Public Laws 116-136, 116-139, and
116-142 for COVID relief.
For nonresident individual owners, enter the
amount of guaranteed payments that aren’t subject
to the Idaho apportionment factor. For details
about reporting guaranteed payments, see our
Guaranteed Payments page at tax.idaho.gov.
Line 35 Apportionment Factor
Enter 100% if all the activity is in Idaho. Enter the
apportionment factor from Form 42, Part I, line 21
if the partnership has multistate/multinational
operations. Include Form 42.
Line 36 Net Business Income Apportioned to
Idaho
Multiply line 34 by the percent on line 35. Enter the
amount and complete the rest of the lines in this
section using information from Form PTE-12.
If the amounts on lines 36 and 37 are being
distributed to partners and will be reported on a
return other than a composite or ABE return, do not
complete lines 38 through 42.
Line 37 Income Allocated to Idaho
Enter the amount of nonbusiness income allocated
to Idaho minus the nonbusiness expense offset
from line 28 that applies to this income. Include
a schedule detailing the source of the income
allocated to Idaho.
For nonresident individual owners, enter the
amount of guaranteed payments sourced as
compensation for services performed in Idaho. This
amount shouldn’t exceed the amount of guaranteed
payments included on line 31.

EIN00045

09-13-2023 

2023 (continued)

Line 38 Affected Business Entity (ABE) Idaho
Net Operating Loss (NOL) Carryover
Enter the total Idaho NOL carryover amount for the
ABE. Include Form 56 or a schedule showing the
application of the loss.
If the partnership isn’t making the ABE election,
don’t enter anything on this line. Any unused NOL
flows through to the partners.
Line 40 Income Reported on Entity’s Composite
Return from Form PTE-12
Enter the total composite income reported on
Form PTE-12 for all nonresident individual owners.
This amount should be the total Idaho distributable
income for all shareholders on Form PTE-12 with
filing code “C”.
Line 41 ABE Income
Check the box if the ABE has any exempt entity
members and subtract their share of Idaho income
from the total affected business income reported on
lines 36 and 37 minus line 38. Enter the difference
on this line. An exempt entity means an entity that’s
a member of the ABE and is exempt from income tax
under Idaho Code.

Credits
Except for the Tax Reimbursement Incentive credit,
credits earned by the partnership pass through to each
partner based on that partner’s distributive share of
partnership profits. When a partnership has a fiscal
year end other than that of the partner, the credit
passes through in the same period that the partner
reports the partnership income or loss for federal tax
purposes.
The partnership must provide each partner with an
Idaho Form ID K-1. This form shows the partner’s
distributive share of credits earned, credits subject
to recapture, and contribution information needed
to calculate certain credits. Each partner uses this
information to determine the amount of Idaho credit
allowed, recapture required, and credit carryovers that
exist on the partner’s Idaho income tax return. Credits
reported by each partner are subject to the limitations
applicable to that partner. Include copies of Form
ID K-1 with your return for the year when the credit is
earned.
If an individual partner’s share of income is taxed
on the partnership’s return, the tax can be offset by
that partner’s distributive share of credits. Credits
applied to this tax are computed based on the credit
Page 4 of 8

Form 65 — Instructions
limitations applicable to partnerships. For example,
if a partnership pays the tax for three individual
partners, the amount of credit for contributions to
educational institutions is the lesser of the following
amounts:
•	 50% of the three partners’ share of the amount
donated
•	 50% of the tax computed for the three partners, or
•	 $500
Credits allowed to a partner that aren’t used to
offset that partner’s tax can’t be used to offset the
tax computed for other partners. The broadband
equipment investment credit can be transferred to
another taxpayer rather than used by the partner who
earns the credit.
To claim a credit you acquired through a transfer,
include a copy of Form 70, Idaho Statement of
Credit Transfer, with each return you’re claiming
transferred credit on.
Line 43 Credit for Contributions to Idaho
Educational Entities
Donations made by a partnership to a qualified
educational entity can qualify for a tax credit.
Donations of goods or services don’t qualify.
Composite Return
If the partnership pays the tax for one or more
nonresident individual partners, determine each
partner’s distributive share of the following amounts
and enter the total of these amounts on this line.
The credit is limited to the smallest of:
•	 One-half of the amount donated
•	 50% of the tax on line 42, or
•	 $500
Don’t enter the total credit earned by the partnership
if the partnership isn’t paying the tax for all the
partners.
ABE Return
The credit is limited to the smallest of:
•	 One-half of the amount donated
•	 50% of the tax on line 42, or
•	 $500
Enter the total credit earned by ABE.
A qualified educational entity includes:
•	 A nonprofit corporation, fund, foundation,
research park, trust, or association organized
and operated exclusively for the benefit of
Idaho colleges and universities
EIN00045

09-13-2023 

2023 (continued)

•	 A nonprofit, private, or public Idaho school
(elementary, secondary, or higher education)
or its foundation
•	 Idaho education public broadcast system
foundations
•	 The Idaho State Historical Society or its
foundation
•	 An Idaho public library or its foundation
•	 An Idaho library district or its foundation
•	 An Idaho public or private nonprofit museum
•	 The Idaho Commission for Libraries
•	 Idaho Commission on Hispanic Affairs
•	 Idaho Commission for the Blind and Visually
Impaired
•	 Idaho Council on Developmental Disabilities
•	 Idaho State Independent Living Council
•	 Idaho STEM Action Center
•	 Idaho Council for the Deaf and Hard of Hearing
•	 Medical residency programs or support
organizations devoted to training residents in
Idaho
Line 44 Credit for Contributions to Idaho Youth
and Rehabilitation Facilities
A partnership can claim this credit if it donated cash or
goods to the following:
•	 Qualified center for independent living
•	 Youth or rehabilitation facility or its foundation, or
•	 Nonprofit substance abuse center licensed by the
Idaho Department of Health and Welfare
Composite Return
If the partnership is paying the tax for one or more
partners, determine each partner’s distributive share
of the following amounts and enter the total of these
amounts on this line.
The credit is limited to the smallest of:
•	 One-half of the amount donated
•	 20% of the tax on line 42
•	 $100, or
•	 The tax on line 42 minus the amounts on line 43 and
Form 44, Part I, line 1
Don’t enter the total credit earned by the partnership if
the partnership isn’t paying the tax for all partners.

Page 5 of 8

Form 65 — Instructions
ABE Return
The credit is limited to the smallest of:
•	 One-half of the amount donated
•	 20% of the tax on line 42
•	 $100, or
•	 The tax on line 42 minus the amounts on line 43 and
Form 44, Part I, line 1
The qualified youth or rehabilitation facilities and their
foundations are:
•	 Anchor House
•	 The Arc, Inc., Boise
•	 The Children’s Home Society of Idaho, Inc., Boise
•	 The Children’s Village, Inc., Coeur d’Alene
•	 Dawn Enterprises, Inc., Blackfoot
•	 Development Workshop, Inc., Idaho Falls
•	 Gem Youth Services, Emmett
•	 Hope House, Inc., Nampa
•	 Idaho Drug Free Youth, Inc., Coeur d’Alene
•	 Idaho Elks Rehabilitation Hospital, Inc., Boise
•	 Idaho Youth Ranch
•	 Kinderhaven, Sandpoint
•	 Learning Lab, Inc., Boise
•	 Magic Valley Rehabilitation Services, Inc.,Twin Falls
•	 New Day Products, Inc., Pocatello
•	 Northwest (North Idaho) Children’s Home
•	 Opportunities Unlimited, Inc., Lewiston
•	 Panhandle Special Needs, Inc., Sandpoint
•	 Project P.A.T.C.H. (Planned Assistance for
Troubled Children)
•	 Shepherd’s Home, Inc., McCall
•	 Transitional Employment Services for the
Handicapped, Coeur d’Alene
•	 Walker Center, Gooding
•	 Winchester Occupational Workshop, Winchester
•	 Witco, Inc., Caldwell
•	 Women’s and Children’s Alliance
The following are the qualified centers for
independent living:
•	 Disability Action Center Northwest, Moscow and
Coeur d’Alene
•	 Living Independence Network Corporation, Boise
and Twin Falls
•	 Living Independently For Everyone, Inc.,
Blackfoot, Idaho Falls, and Pocatello
EIN00045

09-13-2023 

2023 (continued)

Line 45 Total Business Income Tax Credits
Composite Return
If the partnership pays the tax for one or more
nonresident individual partners, determine each
partner’s distributive share of the total business
income tax credits allowed from Form 44, Part
I, line 10 and enter the total of these amounts
here. Don’t enter the total credit earned by the
partnership if the partnership isn’t paying the tax for
all partners. Include Form 44.
ABE Return
Enter the total credits earned by the ABE.
Line 46 Total Credits
If the ABE has any exempt entity members, subtract
their share of Idaho credits from the total ABE credits
reported on lines 43 through 45. Enter the difference
on this line.

Other Taxes
Line 48 Permanent Building Fund (PBF) Tax
Partnerships that report income on line 40 must pay
the $10 PBF tax for each nonresident individual
partner included in the partnership’s composite return.
A partnership with all resident partners doesn’t pay
the PBF.
A partnership electing to be an ABE must pay the PBF
tax for each partner that is an Idaho nonresident.
Line 49 Total Tax From Recapture of Income Tax
Credits
Composite Return
If the partnership pays the tax for one or more
partners, include on this line those partners’
distributive share of the total tax from recapture of
income tax credits from Form 44, Part II, line 6. Include
Form 44.
ABE Return
Enter the total tax from recapture of income tax
credits from Form 44, Part II, line 6. Include Form 44.
Line 50 Fuels Tax Due
If you buy gasoline, aircraft fuel, or special fuels
(diesel, propane, or natural gas) without paying the
fuels tax and later use this fuel in licensed vehicles
or aircraft, you owe fuels tax. Add the amounts on
Form 75, Section IV, lines 3 and 4, and enter the total
here. Include Form 75.

Page 6 of 8

Form 65 — Instructions
Line 51 Sales/Use Tax Due
If you purchased an item from an out-of-state seller
(including internet, catalog, radio, and TV purchases)
and the seller didn’t collect sales tax on that
purchase, you must pay the use tax directly to the
Tax Commission. Multiply the total amount of those
purchases by 6% (.06).
If you computed use tax on Form 75, add it to the
use tax on other purchases and enter the total here.
If you have an Idaho sales or use tax account, don’t
enter your sales or use tax on this line. Instead,
continue to report the tax on these purchases on
your sales and use tax returns.
Line 52 Tax From Recapture of Qualified
Investment Exemption (QIE)
If you have claimed the QIE for property tax on
property that no longer qualifies before the end of
the five-year recapture period, you must recapture
part or all of the property tax benefit. Enter the
amount from Form 49ER, Part III, line 18. Include
Form 49ER.
Line 53 Total Tax
If the ABE has any exempt entity members, subtract
their share of Idaho total tax from recapture of
income tax credits from the total ABE tax from
recapture of income tax credits reported on line 49.
Enter the difference plus the amounts on lines 47,
48, 50, 51 and 52 on this line.
Line 54 Donation to Opportunity Scholarship
Program
You can make a voluntary donation to the Idaho
Opportunity Scholarship Program. The amount
designated will either reduce your refund or
increase your tax due. Your choice to donate can’t
be changed; you can’t get a refund later.
Contributions help provide need-based scholarship
funds to Idaho high school graduates who attend
approved higher education institutions in Idaho.
For more information about the Idaho Opportunity
Scholarship Program, visit boardofed.idaho.gov/
scholarships/Idaho-opportunity-scholarship.

Payments and Other Credits
Line 56 Estimated Tax Payments
Enter the total amount of payments made and the
amount applied from your 2022 return.
Rollforwards are refund amounts from the prior year
that are rolled forward to the taxpayer’s current year
account rather than being refunded.
EIN00045

09-13-2023 

2023 (continued)

Line 57 Tax Paid by ABE on Your Behalf
If the partnership is a member in an ABE, enter the
amount of tax paid by the ABE (upper entity) on
this partnership’s behalf, Include a copy of Form ID
K-1s with your return.
Line 58 Special Fuels and Gasoline Tax Refund
The special fuels (diesel, propane or natural gas)
tax refund is available to those who use the fuel for
heating or in off-highway equipment and have paid
the tax on the special fuels purchased. Enter the
amount from Form 75, Section IV, line 2. Include
Form 75.
The gasoline tax refund is available to those who
buy and use gasoline in off-highway equipment or
auxiliary engines. Enter the amount from Form 75,
Section IV, line 1. Include Form 75.
Line 59 Tax Reimbursement Incentive Credit
Enter the total credit allowed from the Idaho
Reimbursement Incentive Certificate. Include a copy
of the certificate with the return.

Refund or Payment Due
Line 62 Penalty and Interest
Penalty: Idaho law provides penalties for not filing
tax returns by the due date, not paying tax due
on time, and not prepaying enough on extension
returns. For more information or to calculate a
penalty, see our Penalties and Interest page at
tax.idaho.gov/penalties.
Interest: Interest is charged from the due date until
paid. The rate for 2024 is 6%.
Line 63 Nonrefundable Credit From a Prior Year
Return
If you were denied a refund from an overpayment of
tax on a prior year return because of the three-year
statute of limitations, you may be eligible to take
a credit for the amount. See Idaho Form 44 for
calculation of your credit and include it with your
return.
Line 66 Refund/Apply to 2024
Refund
Enter the amount of your overpayment from line 65
that you want refunded to you. Refunds of less than
$1 won’t be issued. You have three years from the
return’s due date (not including extensions) to claim
a refund. Refunds will be reduced by unpaid Idaho
tax liabilities and can be applied to unpaid liabilities
owed to other agencies.
Page 7 of 8

Form 65 — Instructions
The agency or party seizing the refund must send
you notice of the action. Questions about a refund
seizure should be directed to the agency or party that
initiated the claim for seizure.
Apply to 2024
If you’re filing an original return, subtract the
amount you want to refund from line 65. Any
difference will be applied to your 2024 tax and
won’t be refunded.

Line 70 Amended Tax Due or Refund
Add lines 67 and 68, then subtract line 69. A positive
amount is your amended tax due. A negative amount
is your amended refund.

Signature
An authorized individual must sign the return on
behalf of the partnership.

Tax Preparer

Amended Return Only
Complete lines 67 through 70 only if you’re filing this
return as an amended return.
Line 67 Total Due or Overpayment on This Return
If the total due shown on line 64 is greater than zero,
enter it as a positive amount here.
If line 64 is zero, enter the amount of overpayment
from line 65 here as a negative amount.
Line 68 Refund from Original Return Plus
Additional Refunds
Enter the total refund amount from previous returns
for this tax year here as a positive amount.
Line 69 Tax Paid With Original Return Plus
Additional Tax Paid
Enter the total due paid from previous returns for
this tax year here as a positive amount. (Don’t
include penalty, interest, Form 51 payments,
withholding, or unpaid tax.)

2023 (continued)

Check this box if you paid a tax preparer to complete
your return and you’re authorizing the Tax Commission
to discuss your return with the paid preparer identified
on your return.
You’re also authorizing the paid preparer to:
•	 Give the Tax Commission any information that’s
missing from your return, and
•	 Call the Tax Commission for information about
the processing of your return or the status of your
refund or payments
You’re not authorizing the paid preparer to receive
any refund check, bind you to anything including any
additional tax liability, or otherwise represent you before
the Tax Commission. This authorization is valid for up
to 180 days from the date the Tax Commission receives
the return. If you want the Tax Commission to contact
you instead of your preparer, leave the box blank.

Contact us:

In the Boise area: (208) 334-7660 | Toll free: (800) 972-7660
Hearing impaired (TDD) (800) 377-3529
tax.idaho.gov/contact
EIN00045

09-13-2023 

Page 8 of 8