Idaho Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments Credits ETC.

Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments Credits ETC.
Form ID K-1, Partner's, Shareholder's or Beneficiary's Share of Idaho Adjustments, Credits, etc. and Instructions 2023
Form ID K-1 — Schedule
Partner’s, Shareholder’s, or Beneficiary’s
Share of Idaho Adjustments, Credits, etc.
Mo

For tax year
beginning

Day

Year

Mo

23

Day

2023

Year

Final K-1

ending

Amended K-1

Part I — Pass-through Entity (PTE) Information
Partnership

S Corporation

Estate

Resident Trust

Nonresident Trust

PTE EIN

PTE name

PTE current address

City

Qualified Investment Partnership

State

ZIP Code

Part II — Owner Information
General Partner

Limited Partner

Shareholder

Beneficiary

Owner’s SSN/EIN

Owner’s name

Owner’s current address

City

PTE filing code:

Nonresident Owner Agreement (A)
Not Required (N)

Other LLC Member

State

Composite (C)
Idaho Resident Individual (R)

Disregarded Entity

ZIP Code

Affected Business Entity (E)
Pass-through Withholding (W)

Owners should refer to the ID K-1 instructions to determine if they have an Idaho filing requirement.
Beneficiary’s percentage of distributive share
Owner’s share of profit and loss/stock ownership:

%
%

Beginning

Ending

%

Part III — Pass-through Owner’s Share of Idaho Apportionment Factor Items
Partnerships and Corporations

Total
1. Real and tangible personal property: Beginning ...............

1

2. Real and tangible personal property: Ending ....................

2

3. Capitalized rent expense ...................................................

3

4. Sales .................................................................................

4

5. Payroll ...............................................................................

5

6. Idaho apportionment factor .....................................................................................................

Part IV — Idaho Distributable Income

Column A
Federal

Federal Income
7. Ordinary income (loss) ......................................................

7

8. Net rental real estate income (loss) ..................................

8

9. Interest income .................................................................

9

Idaho

%

6
Column B
Idaho Apportioned

10. Ordinary dividends ............................................................ 10
11. Royalties ...........................................................................

11

12. Net short-term capital gain (loss) ...................................... 12
13. Net long-term capital gain (loss). Include 1231 gain ......... 13
14. Other income (loss). Include schedule .............................

14

15. Section 179 deduction ......................................................

15

16. Guaranteed payments subject to Idaho apportionment factor .. 16
17. Charitable contributions ........................................................ 17
18. Trust/Estate income .......................................................... 18
19. Subtotal, federal income ................................................
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Form ID K-1 — Schedule
Idaho Additions

2023

(continued)

Column A
Total Gross Owner’s Share

Column B
Idaho Apportioned Amount

Column A
Total Gross Owner’s Share

Column B
Idaho Apportioned Amount

20. State, municipal, and local taxes ....................................... 20
21. Interest and dividends not taxable under
Internal Revenue Code (IRC) ............................................ 21
22. Bonus depreciation addition .............................................. 22
23. Other Idaho additions. Include schedule ........................... 23

Idaho Subtractions
24. Interest from Idaho municipal securities included in
line 20, net expenses ........................................................ 24
25. Interest on U.S. government obligations, net expenses .... 25
26. Idaho technological equipment donation ........................... 26
27. Bonus depreciation deduction ........................................... 27
28. Other Idaho subtractions and descriptions ........................ 28
29. Subtotal net business income ............................................ 29

Column A
Total Gross Owner’s Share

Allocated Income

Column B
Idaho Amount

30. Guaranteed payments sourced as compensation to Idaho .... 30
31. Guaranteed payments sourced as compensation
to another state ..................................................................... 31
32. Other allocated income. Include schedule ......................... 32
33. Total allocated income ......................................................... 33
34. Idaho distributable income ............................................... 34

Part V — Pass-through Withholding

Idaho Amount

35. Tax withheld by the entity on behalf of the owner ............................................................. 35

Part VI — Pass-through Informational Items
36. Capital gain (loss) eligible for the Idaho capital gains deduction:
b. Date acquired
(mm/dd/yyyy)

a. Description of property and Idaho location:

c. Date sold
(mm/dd/yyyy)

Federal
37. Interest expense offset total income ................................

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d. Distributive share
of gain or (loss)

Idaho

37

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Form ID K-1 — Schedule
Part VII — Pass-through Idaho Credits Calculated by Entity
(See Part XI if filing as Composite/ABE)

2023

(continued)

Idaho Amount

38. Credit for production equipment using post-consumer waste ................................................. 38
39. Promoter-sponsored event credit ............................................................................................ 39
40. Credit for Idaho research activities .......................................................................................... 40
41. Broadband equipment investment credit ................................................................................. 41
42. Idaho small employer investment tax credit ............................................................................ 42
43. Idaho small employer real property improvement tax credit .................................................... 43
44. Idaho small employer new jobs credit ...................................................................................... 44
45. Credit for employer contributions to employee’s Idaho college savings account ..................... 45
46. Recapture of broadband equipment investment credit ............................................................ 46
47. Recapture of Idaho small employer investment tax credit ....................................................... 47
48. Recapture of Idaho small employer real property improvement credit .................................... 48
49. Recapture of Idaho small employer new jobs credit ................................................................ 49

Part VIII — Informational Items for Idaho Credits
(See Part XI if filing as Composite/ABE)

Idaho Amount

50. Share of eligible contributions to Idaho educational entities .................................................... 50
51. Share of eligible contributions to Idaho youth and rehabilitation facilities ................................ 51

Part IX — Information for Credit for Income Tax Paid to Other States

Total Amount

State abbreviations for credit for income tax paid to other states
52. Share of owner’s adjusted income in other states ................................................................... 52
53. Share of taxes paid on the owner’s behalf to other states ....................................................... 53

Part X — Information for Investment Tax Credit
(See Part XI if filing as Composite/ABE)

Total Amount

54. Share of owner’s qualifying new investments for Idaho investment tax credit ........................ 54
55. Share of owner’s qualifying used investments for Idaho investment tax credit ....................... 55
56. Share of owner’s Idaho investment tax recapture ................................................................... 56

Part XI — Pass-through Idaho Credits – Composite/Affected Business Entity
(ABE)

Idaho Amount

57. Tax paid by the entity on behalf of the owner on composite return ................................. 57
58. Tax paid by affected business entity .................................................................................... 58
59. Credit for contributions to Idaho educational entities ............................................................... 59
60. Idaho investment tax credit ...................................................................................................... 60
61. Credit for contributions to Idaho youth and rehabilitation facilities ........................................... 61
62. Credit for production equipment using post-consumer waste ................................................. 62
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Form ID K-1 — Schedule

2023

(continued)

63. Promoter-sponsored event credit ............................................................................................ 63
64. Credit for Idaho research activities .......................................................................................... 64
65. Broadband equipment investment credit ................................................................................. 65
66. Idaho small employer investment tax credit ............................................................................ 66
67. Idaho small employer real property improvement tax credit .................................................... 67
68. Idaho small employer new jobs credit ...................................................................................... 68
69. Credit for employer contributions to employee’s Idaho college savings account ..................... 69
70. Recapture of Idaho investment tax credit ................................................................................ 70
71. Recapture of broadband equipment investment credit ............................................................ 71
72. Recapture of Idaho small employer investment tax credit ....................................................... 72
73. Recapture of Idaho small employer real property improvement credit .................................... 73
74. Recapture of Idaho small employer new jobs credit ................................................................ 74

Part XII — Supplemental Information

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Form ID K-1 — Instructions
Partner’s, Shareholder’s or Beneficiary’s
Share of Idaho Adjustments, Credits, etc.
General Instructions
Idaho Form ID K-1 provides pass-through entity
owners with the information needed to complete
their Idaho income tax returns.
Idaho Form ID K-1 contains Idaho-specific
information not found on the federal Schedule K-1
including Idaho adjustments, allocation, and
apportionment amounts, credits, and recapture
amounts.
An entity must provide a copy of this form to each
of its owners.
Qualified Investment Partnerships
A qualified investment partnership:
•	 Is an entity classified as a partnership for
federal income tax purposes
•	 Isn’t publicly traded as a corporation, and
•	 Has at least 90% of its gross income from
investments that Idaho wouldn’t tax if received
directly by a nonresident individual
Nonresident individuals who own an interest in a
qualified investment partnership are taxed on their
share of the entity’s noninvestment income from an
Idaho source. Nonresident individuals aren’t taxed
on their share of the entity’s investment income.
An entity must include supplemental information
on Part XII stating that the entity is a qualified
investment partnership and that a nonresident isn’t
taxed on certain income.

Specific Instructions
File the 2023 form for calendar year 2023 or a
fiscal year that begins in 2023. If the entity’s tax
year is a fiscal year, fill in the tax year space at the
top of the form.
If this is the last year the entity is filing an Idaho
income tax return or if the entity is filing an
amended Idaho return, check the applicable box at
the top of the form.

Part I — Pass-through Entity Information
Enter your federal Employer Identification Number
(EIN), business name, and mailing address in the
spaces provided.
Check the appropriate boxes to identify the entity.

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2023

Part II — Owner Information
Owner’s member type. Check the appropriate box
to show if this owner is a general partner, limited
partner, shareholder, beneficiary, other LLC member,
or disregarded entity.
Enter the owner’s Social Security number or EIN,
name, and mailing address in the spaces provided.
PTE filing code. Check the appropriate box for your
reporting requirements for this owner.
•	 If you have a Form PTE-NROA from the
owner, check the Nonresident Owner
Agreement box
•	 If the owner is part of your composite return,
check the Composite box
•	 If the owner is part of your affected business
entity return, check the Affected Business Entity
box
•	 If you weren’t required to withhold on this owner,
check the Not Required box
•	 If the owner is an Idaho resident or part-year
resident, check the Idaho Resident Individual box
•	 If you paid Idaho withholding on Form PTE-01
on behalf of the owner, check the Pass-through
Withholding box
For more information on these requirements, see
Form PTE-12 instructions.
Beneficiary’s percentage of distributive share.
Enter the beneficiary’s percentage of distributive share
as shown on the owner’s federal Schedule 1041 K-1.
Owner’s share of profit and loss/stock ownership.
Enter the partner’s beginning and ending share
of profit and loss shown on the partner’s federal
Schedule 1065 K-1 or the shareholder’s stock
ownership as shown on the shareholder’s federal
Schedule 1120S K-1.

Part III — Pass-through Owner’s Share of
Idaho Apportionment Factor Items
Complete this section if you’re an S corporation, a
partnership, or are taxed as a partnership.
Lines 1 through 5. Complete for owners who are
partnerships or corporations. If the partnership or
corporation has a 100% Idaho apportionment factor,
skip lines 1 through 5. Skip for all other owners.
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Form ID K-1 — Instructions

Enter the owner’s share of total and Idaho property,
payroll, and sales (net of intercompany eliminations)
from Idaho Form 42 in the spaces provided.
Complete these lines even if you use single sales
factor.
Line 6. Enter your Idaho apportionment factor. If
all business was transacted in Idaho, enter 100%.
Otherwise, enter the amount from your Idaho
Form 42, Part I, line 21.

Part IV — Idaho Distributable Income
What does Column A represent?
Column A represents the owner’s specific share of
the entity’s income, modifications, and credits.
What does Column B represent?
Column B represents the portion of Column A that’s
allocated or apportioned to Idaho.
For S Corporations and Partnerships:
Idaho Resident and Part-year Resident Owners
Complete lines 7-17 and line 19 of Columns A
and B. These are the amounts from the federal
Schedule K-1. For lines 20-28, Column B equals
Column A.

2023

Line 18
If the beneficiary is an Idaho nonresident, only
enter the nonresident beneficiary’s share of the
Idaho-source income distributed from Form 66, line
5. Some sources of income may not be Idaho-source
income to a nonresident beneficiary.
Column B: Complete if you’re a trust or estate. Enter
the beneficiary’s share of Idaho distributed income
from Form 66, line 5.
Idaho Additions
Line 20
Column A: Multiply the amount from the following by
the owner’s percentage of ownership.
•	 Idaho Form 41S, line 20
•	 Form 65, line 18
Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho
apportionment percentage
Line 21
Column A: Multiply the amount from the following by
the owner’s percentage of ownership.

Nonresident Owners
Complete lines 7-17 and line 19 of Columns A and B.

•	 Idaho Form 41S, line 19

Column A: Enter the owner’s share of amounts
from the federal K-1.

•	 Form 66, Schedule A, line 8, Column A

Column B: Multiply Column A by the Idaho
apportionment factor (Part III, line 6), and enter
amount here.
Line 16. Complete if you’re a partnership.
Enter the amount of guaranteed payments included
in apportionable income (income assigned among
states using a formula).
Enter the amount of guaranteed payments in
excess of the amount sourced as compensation for
services.
For example, a Utah partner receives a guaranteed
payment of $400,000 in 2023 for services
performed in Utah. The first $314,065* is sourced
as compensation to Utah and is reported on Line 31
Column A. The remaining $85,935 is sourced to
Idaho and is entered here.
See Guaranteed Payments Guidance at
tax.idaho.gov/pte.

(continued)

•	 Form 65, line 17
Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho
apportionment percentage
•	 Trusts and estates:
‚	 Enter the owner’s share of Form 66, Schedule
A, line 8, Column B
Line 22
Column A: Multiply the amount from the following by
the owner’s percentage of ownership.
•	 Idaho Form 41S, line 21
•	 Form 65, line 19
•	 Form 66, Schedule A, line 9, Column A
Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho
apportionment percentage

*Amount changes every year.
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Form ID K-1 — Instructions

•	 Trusts and estates:
‚	 Enter the owner’s share of Form 66,
Schedule A, line 9, Column B and include a
schedule

(continued)

Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho apportionment
percentage
•	 Trusts and estates:

Line 23
Column A: Multiply the amount from the following
by the owner’s percentage of ownership.
•	 Idaho Form 41S, line 22
•	 Form 65, line 20
•	 Form 66, Schedule A, line 10, Column A
Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho
apportionment percentage
•	 Trusts and estates:
‚	 Enter the owner’s share of Form 66,
Schedule A, line 10, Column B and
include a schedule
Idaho Subtractions
Line 24
Column A: Multiply the amount from Idaho
Form 41S, line 24 less amount allocable on line 26,
or Form 65, line 22 less amount allocable on line 24
by the owner’s percentage of ownership.
•	 Trusts and estates:
•	 Enter the owner’s share of the amount
from Form 66, Schedule A, line 12,
Column A
Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho
apportionment percentage
•	 Trusts and estates:
‚	 Enter the owner’s share of Form 66,
Schedule A, line 12, Column B
Line 25
Column A: Multiply the amount from Idaho
Form 41S, line 25 less amount allocable on line 26,
or Form 65, line 23 less amount allocable on line 24
by the owner’s percentage of ownership.
•	 Trusts and estates:
•	 Enter the owner’s share of the amount
from Form 66, Schedule A, line 12,
Column A
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‚	 Enter the owner’s share of Form 66,
Schedule A, line 12, Column B
Line 26
Column A: Multiply the amount from Idaho Form 41S,
line 28 or Form 65, line 26 by the owner’s percentage
of ownership.
•	 Trusts and estates:
‚	 Enter the owner’s share of the amount from
Form 66, Schedule A, line 14, Column A
Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho apportionment
percentage
•	 Trusts and estates:
‚	 Enter the owner’s share of the Idaho
technological equipment donation included
in Form 66, Schedule A, line 14, Column B
Line 27
Column A: Multiply the amount from Idaho Form 41S,
line 32, or Form 65, line 30 by the owner’s percentage
of ownership.
•	 Trusts and estates:
•	 Enter the owner’s share of the amount from
Form 66, Schedule A, line 13, Column A
Column B
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho apportionment
percentage
•	 Trusts and estates:
‚	 Enter the owner’s share of Form 66,
Schedule A, line 13, Column B
Line 28
Column A: Multiply the amount from Idaho
Form 41S, line 33 or Form 65, line 31 (include a
schedule) by the owner’s percentage of ownership.
•	 Trusts and estates:
‚	 Enter the owner’s share of Form 66,
Schedule A, line 14, Column A

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Form ID K-1 — Instructions

Column B:
•	 S corporations or partnerships:
‚	 Multiply Column A by the Idaho
apportionment percentage
•	 Trusts and estates:
‚	 Include the owner’s share of Form 66,
Schedule A, line 14, Column B
Line 29
Add lines 19 and 20 through 23, and then subtract
lines 24 through 28.
Allocated Income
Allocated income is income that’s assigned to one
specific state. Report the allocated portion of a
guaranteed payment here.
Line 30. Complete if you’re a partnership
Column B: Enter the amount of guaranteed
payments sourced to Idaho.
Line 31. Complete if you’re a partnership.
Column A. Enter the amount of guaranteed
payments sourced as compensation to a state other
than Idaho.
For example, a Utah partner receives a guaranteed
payment of $400,000 in 2023 for services
performed in Utah. The first $314,065* is sourced
as compensation to Utah and is reported here.
See Guaranteed Payments Guidance at
tax.idaho.gov/pte.
*Amount changes every year.
Line 32. Enter all other allocated income. Include a
schedule listing the source of the income.

2023

(continued)

C corporation, leave this line blank. Use this line to
identify the property sold, date acquired, date sold,
and distributive share of gain or loss.
Line 37. Enter the amounts from federal Form 1120S,
line 6 or federal Form 1065, line 8 multiplied by the
owner’s percentage of ownership.

Part VII — Pass-through Idaho Credits
Calculated by Entity
(See Part XI if filing as Composite/ABE)
Multiply the pass-through Idaho credits by the owner’s
percentage of ownership.

Part VIII — Informational Items for Idaho Credits
(See Part XI if filing as Composite/ABE)
Line 50. Enter the owner’s distributive share of the
total amount of qualifying contributions to Idaho
educational entities.
Line 51. Enter the owner’s distributive share of the
total amount of qualifying contributions to Idaho
youth and rehabilitation facilities.

Part IX — Information for Credit for Income
Tax Paid to Other States
Enter the two letter state abbreviation for the state
that also taxed the income.
Line 52. Enter the owner’s share of the adjusted
income reported to the other state.
Line 53. Enter the owner’s share of taxes paid to the
other state by the entity.

Part X — Information for Investment Tax Credit

Line 34
Column B: Add Column B, line 29 plus Column B,
line 33. This amount ties to Form PTE-12, Column
(b) for this owner.

Part V — Pass-through Withholding
Line 35. Enter the amount from Form PTE-12,
column (d) for this owner. This amount matches the
PTE-01 amount for this owner.

(See Part XI if filing as Composite/ABE)
Line 54. Enter the owner’s share of the qualifying
new investments for the Idaho investment tax credit.
Line 55. Enter the owner’s share of qualifying used
investments for the Idaho investment tax credit.
Line 56. Enter the owner’s share of the Idaho
investment tax recapture.

Part VI — Pass-through Informational Items
Line 36. For owners other than C corporations, enter
the owner’s distributive share of gain or loss from
the sale of Idaho qualified property. If the owner is a
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Form ID K-1 — Instructions

Part XI — Pass-through Idaho Credits –
Composite/Affected Business Entity (ABE)
For S corporations, multiply the entity’s passthrough Idaho credits by the member’s ownership
percentage.
For a partnership, multiply the entity’s pass-through
Idaho credits by the member’s distributive share of
income (including guaranteed payments).

2023

(continued)

Idaho Residents
You pay tax on all of your income from the entity even
if the entity apportions the income between Idaho and
other states.
Part-year Residents
You earn income from the entity proportionately during
the tax year.
For the portion of the year you were a nonresident:
•	 Use the Idaho apportionment factor to
determine the amount of Idaho source income

Line 57. Enter the amount from Form PTE-12,
column (c) for this owner.

For the portion of the year you were an Idaho resident:

Line 58. Enter the amount from Form PTE-12,
column (e) for this owner.

•	 Report all income and deductions

Part XII — Supplemental Information
List any supplemental information required by the
owner to complete the Idaho return. If there isn’t
enough space provided, include additional pages
as needed.

Nonresident
Use the Idaho apportionment factor to determine the
amount of Idaho source income from the entity.

Instructions for Individual Owners
Use the information provided below to complete your
Idaho return if you’re required to file.
Idaho Filing Requirements
•	 Individuals – Idaho source gross income of more
than $2,500. See individual instructions for more
information.
•	 S Corporation and Partnership – Transacting
business in Idaho.
•	 Estate – Gross income of $600 or more.
•	 Trust – Gross income of $100 or more.

Contact us:

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