Utah Utah Partnership/Limited Liability Partnership/Limited Liability Company Return

Utah Partnership/Limited Liability Partnership/Limited Liability Company Return
2023 TC-65 forms, Utah Partnership/LLP/LLC Return
Clear form

2023

Utah Partnership/Limited Liability Partnership/
Limited Liability Company Return

65301
9998

TC-65

For calendar year 2023 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

Foreign country (if not U.S.)

Telephone number

ENTITY TYPE (check one):

ZIP + 4

•

General partnership

•

Limited partnership

•

Limited liability partnership

•

Limited liability company

•

Other (describe below)

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 J
Note: This amount must be paid by the due date of the return, without extensions

• 3

4

Utah use tax

• 4

5

Total tax - add line 3 and line 4

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

5

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

Date

Preparer’s telephone number

Preparer’s PTIN

HERE

this return with preparer below:
Preparer’s signature

Paid
Preparer’s
Section

•
Firm’s name and address

Preparer’s EIN
•

65302

Schedule A - Utah Taxable Income for Pass-through Entity Taxpayers TC-65, Sch. A
EIN
2023

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, lines 13a and 13b

• 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

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

7

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

20361

Schedule H - Utah Nonbusiness Income Net of Expenses
EIN

USTC ORIGINAL FORM

TC-20, Sch. H
2023

Pg. 1

(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
Acquisition Date of

Beginning Value of Investment Ending Value of Investment

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

4a

Description of direct expenses related to:
Line 1a above

4b

Line 1b above

4c

Line 1c above

4d

Line 1d above

4e

Line 1e above

5

D

Type of Utah

E
Utah Nonbusiness Income

Amount of Direct Expense

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
Indirect Related Expenses for
Total Assets Used to Produce
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

•
Column B
Total Assets

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

•

20362

Schedule H - Non-Utah Nonbusiness Income Net of Expenses
EIN

USTC ORIGINAL FORM

TC-20, Sch. H
2023

Pg. 2

(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 Income

Nonbusiness Income

Nonbusiness Asset(s)

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:
18a

Line 15a above

18b

Line 15b above

18c

Line 15c above

18d

Line 15d above

18e

Line 15e above

Amount of Direct Expense

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

•

20363

Schedule J - Apportionment Schedule

TC-20, Sch. J
2023

EIN

USTC ORIGINAL FORM

Pg. 1

(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
Inside Utah

1 Property Factor

2

Column B
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

•

Property factor - divide line 1f, Column A, by line 1f, Column B (to six decimal places)

• 2

3 Payroll Factor
a
4

Total wages, salaries, commissions and other compensation

• 3a

Payroll factor - divide line 3a, Column A, by line 3a, Column B (to six decimal places)

•
• 4

5 Sales Factor

6

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.
has no nexus (corporation not taxable in buyer’s state)

• 5e

f

Rent and royalty income

• 5f

•

g

Services and other allowable sales (see instructions)

• 5g

•

h

Total sales (add lines 5a through 5g)

• 5h

•

Sales factor - line 5h, Column A, divided by line 5h, Column B (to six decimals)
Continued on page 2

• 6

20364

Schedule J - Apportionment Schedule
EIN

USTC ORIGINAL FORM

TC-20, Sch. J
2023
(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

9

Calculate the Apportionment Fraction to SIX DECIMALS
Divide line 8 by 3 (or the number of factors present)

8
• 9

Part 2: Sales Factor Formula (see instructions for those who qualify)
10 Apportionment Fraction - enter the six-decimal sales factor from line 6

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

• 10

Pg. 2

65303

Schedule K - Partners’ Distribution Share Items

TC-65, Sch. K
2023

EIN

USTC ORIGINAL FORM

Ź Number of Schedules K-1 attached to this return

•

Federal Amount
1

Ordinary business income/loss

2

Net rental real estate income/loss

3

Other net rental income/loss

4

Guaranteed payments

Utah Amount

Income/Loss

5a U.S. government interest income
5b Municipal bond interest income
5c Other interest income
6

Ordinary dividends

7

Royalties

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

Utah Credits

Deductions

14 Contributions
15 Foreign taxes paid or accrued
16 Other deductions (describe)

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

19 Total Utah tax withheld on behalf of all partners from Schedule N, column J

65304

Schedule K-1 - Partner’s Share
of Utah Income, Deductions and Credits

TC-65, Sch. K-1
2023

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

3

Utah other net rental income/loss

4

Utah guaranteed payments

5a
5b
5c

Utah U.S. government interest income
Utah municipal bond interest income
Utah other interest income

6

Utah ordinary dividends

7

Utah royalties

8

Utah net short-term capital gain/loss

9

Utah net long-term capital gain/loss

10

Utah net Section 1231 gain/loss

11

Utah recapture of Section 179 deduction

12

Utah other income/loss (describe)

13

Utah Section 179 deduction

14

Contributions

15

Foreign taxes paid or accrued

16

Utah other deductions (describe)

17

Utah nonrefundable credits:

B Partnership’s name, address, city, state, and ZIP code

Partner Information
C Partner’s SSN or EIN:
D Partner’s name, address, city, state, and ZIP code

E Partner’s phone number
F

Percent of ownership

G Enter “X” if limited partner or member
H Entity code from list below:
I = Individual
C = Corporation
S = S Corporation
N = Nonprofit Corp.
-- Codes --

P = Gen’l Partnership
L = Limited Partnership
B = LLC
R = LLP
T = Trust
O = Other

I

/

Enter date:

/

/

affiliated

/

withdrawn

Partner’s Share of Apportionment Factors
Utah

Total

J

Property

$

$

K

Payroll

$

$

L

Sales

$

$

Other Information

Name of Credit

18

19

Credit Amount

Code

Credit Amount

Utah refundable credits:
Name of Credit

Note: To complete lines 1 through 16:
* Utah residents, enter the amounts from federal Schedule K-1.
* Utah nonresidents, see instructions to calculate amounts.
All filers complete lines 17 through 19, if applicable.

Code

Utah tax withheld on behalf of partner
“X” if withholding waiver applied for

65305

Schedule N - Pass-through Entity Withholding Tax

TC-65, Sch. N
2023

EIN

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. See instructions for column G, column H and column I.
WITHHOLDING WAIVER CLAIMED under §59-10-1403.2(5): If partners will pay the Utah tax on their own returns:
Enter "1" to claim a waiver for ALL partners (enter "X" in column B and "0" in column F for all partners)
Enter "2" to claim a waiver for SOME partners (enter "X" in column B and "0" in column F for those partners claimed)
See Schedule N instructions for liability responsibilities when claiming a waiver.
A Name of partner
E Income/loss
F 4.65% of income - G Mineral production J
B Withholding waiver for this partner
attributable to Utah
E times .0465
withholding credit
(enter “X” in column B and “0” in column F)
plus Utah source
(not less than zero) H Upper-tier passC SSN or EIN of partner
guaranteed pymts
through withholding
D Partner’s % of income or ownership
(see instructions)
I
Tax paid by PTE

#1 A

E

F

• B
• C

D

I
E

F

• B
D
E

F

D
E

F

G

J

H
D

#5 A

I
E

F

• B

G

J

H
D

#6 A

I
E

F

• B

G

J

H
D

#7 A

I
E

• B
• C

J

I

• B

• C

G
H

#4 A

• C

J

I

• B

• C

G
H

#3 A

• C

J

H

#2 A

• C

G

F

G
H

D

Report the partner’s pass-through withholding
tax from column J on Schedule K-1, line 19

I
Total Utah withholding tax to be paid by this partnership:
Enter on TC-65, line 3 and on Sch. K, line 19.

J

•

Withholding tax
to be paid by
this partnership
F less G, H and I
(not less than 0)

25301

Credits Received from Upper-tier Pass-through Entities
and Mineral Production Withholding Tax Credit on TC-675R

TC-250
2023

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
entity EIN from Utah
Sch. K-1, box “A”

Name of upper-tier pass-through entity
from Utah Schedule K-1, box “B”

Credit
Code

UT nonrefundable
credit from
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
Sch. K-1, box “A”

Name of upper-tier pass-through entity
from Utah Schedule K-1, box “B”

Credit
Code

UT refundable credit
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
Producer EIN from
TC-675R, box “2”

Producer’s name from TC-675R, box “1”

Mineral production
withholding from
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.