Form ID K-1 Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments Credits ETC.

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(1) Individual (2) S Corporation (3) General Partnership (4) Estate/Trust (5) C Corporation (6) Limited Partnership (7) LLC (8) Other Specify 1 Contributions to Idaho educational entities 1 1 Idaho apportionment factor from Idaho Form 42 Part I line 21 1 1 Investment tax credit 1 1 State municipal and local taxes measured by net income 1 10 Income allocated to Idaho Include schedule 10 2 Bonus depreciation additions 2 2 Contributions to Idaho youth and rehabilitation facilities 2 2 Credit for production equipment using postconsumer waste 2 2 Pass through owner s share of total income (for use in the PTO's interest offset computation) 2 3 Interest and dividends not taxable under Internal Revenue Code (IRC) 3 3 Promoter sponsored event credit 3 3 Property: Beginning 3a 3b 4 Credit for qualifying new employees 4 4 Other Idaho additions Include schedule 4 4 Property: Ending 4a 4b 5 Capitalized rent expense 5a 5b 5 Credit for Idaho research activities 5 5 Interest from Idaho municipal securities included on line 3 5 6 Broadband equipment investment tax credit 6 6 Interest on U S Government obligations 6 6 Sales 6a 6b 7 Incentive investment tax credit 7 7 Interest expense and other expenses related to lines 3 5 and 6 7 Payroll 7a 7b 8 Allocated income Include schedule 8 8 Biofuel infrastructure investment tax credit 8 8 Bonus depreciation deduction 8 9 Expenses related to line 8 Include schedule 9 9 Idaho capital gain (loss) eligible for the Idaho capital gains deduction Include schedule 9 9 Idaho small employer investment tax credit 9 a Expenses related to non Idaho interest and dividends included b Expenses related to Idaho interest and dividends listed on line 5 7b Beginning Ending c Expenses related to U S Government obligations listed on line 6 7c in line 3 7a Mo Day Year OR BENEFICIARY S Partner's Capital % % Partner's Loss % % Partner's Profit % % Pass through Owner s Share of: Total Everywhere Total Within Idaho tax year % (3) Shareholder or (4) LLC Member? 09 27 12 09 27 12 09 27 12 10 Idaho small employer real property improvement tax credit 10 10 Idaho technological equipment donation 10 11 Idaho small employer new jobs tax credit 11 11 Other Idaho subtractions Include schedule 11 12 Recapture of investment tax credit 12 13 Recapture of broadband equipment investment credit 13 14 Recapture of biofuel infrastructure investment tax credit 14 15 Recapture of Idaho small employer investment tax credit 15 16 Recapture of Idaho small employer real property improvement tax credit 16 17 Recapture of Idaho small employer new jobs tax credit 17 A Allocation and Apportionment See instructions A copy of each PTO's federal Schedule K 1 and Form ID K 1 must be included with the PTE's Idaho tax return filed by: A copy of the Form ID K 1 must be provided to each PTO If the PTE has withheld income tax the PTO should include Form ID K 1 with the PTO's income tax return; otherwise the PTO should keep it for his records a Is the owner a (1) General Partner (2) Limited Partner A nonresident will need to remove allocated income from federal Schedule K 1 amounts before applying the apportionment factor listed on line 1 to determine the amount of business income apportioned to Idaho Income allocated to Idaho (line 10) will then be added to the apportioned income to compute the amounts of Idaho source income to report on Form 43 or 66 A pass through entity (PTE) transacting business in Idaho including a trust or estate with income taxable in Idaho must withhold income tax from a nonresident individual owner who isn't included in a composite return Enter the amount of Idaho income tax withheld A resident of Idaho will be taxed by Idaho on his entire share of the income from the PTE even if the income is apportioned between Idaho and other states Additions All amounts on the Form ID K 1 should be included before applying the Idaho apportionment factor of the PTE A PTO who is a nonresident individual will apply the Idaho apportionment factor in computing the amounts to include on his Idaho individual income tax return Amended K 1 and 6 B Pass through Owner s Share of Idaho Adjustments See instructions b What type of person is this owner? beginning Beneficiary's percentage of distributive share % c If the owner is a disregarded entity check this box C Pass through Owner s Share of Idaho Contributions See instructions Check the appropriate boxes to identify the PTO Check this box if the pass through entity (PTE) is paying the Idaho income tax on behalf of the pass through owner Check this box if the pass through entity is paying withholding for the pass through owner Corporations partnerships or electing small business trusts or to any other person who isn t an individual Credit for Taxes Paid To Another State D Pass through Owner s Share of Idaho Credits and Credit Recapture See instructions E Supplemental Information EFO00201 EFO00201p3 EFO00201p4 EFO00201p5 ending Enter 100% on this line if the PTE is transacting all of its business within Idaho; if not enter the Idaho apportionment factor from Form 42 Part I line 21 Enter the amount of tax paid Enter the amount of tax paid for the PTO on the line provided Enter the amount of withholding paid Enter the owner's ownership percentages as shown on the owner's federal Schedule 1120 K 1 1065 K 1 or 1041 K 1 Enter the PTO s distributive share of any other Idaho additions not included on lines 1 through 3 above Include a schedule or use Part E to identify the additions Enter the PTO s distributive share of any other Idaho subtractions not included on lines 5 through 10 above Include a schedule or use Part E to identify the subtractions Enter the PTO s distributive share of nonbusiness income allocated to Idaho This amount is net of the nonbusiness expense offset and reported on Form 65 line 37 or Form 41S line 39 Include a schedule or use Part E to identify the income and expenses Enter the PTO s distributive share of the amount reported on Form 65 line 17 Form 41S line 20 or Form 66 Schedule B Enter the PTO s distributive share of the amount reported on Form 65 line 18 Form 41S line 21 or Form 66 Schedule B line 3 Include a schedule or use Part E to identify the amount and the governmental entity Enter the PTO s distributive share of the amount reported on Form 65 line 22 Form 41S line 24 or Form 66 Schedule B Enter the PTO s distributive share of the amount reported on Form 65 line 23 Form 41S line 25 or included in the amount on Form 66 page 1 line 5 Except for amortization don t include expenses associated with the securities on this line Report the expenses on line 7c Enter the PTO s distributive share of the amount reported on Form 65 line 27 or Form 41S line 29 Include a schedule or use Part E to identify the income Enter the PTO s distributive share of the amount reported on Form 65 line 28 or Form 41S line 30 Enter the PTO s distributive share of the total amount of qualifying contributions to Idaho educational entities Enter the PTO s distributive share of the total amount of qualifying contributions to Idaho youth and rehabilitation facilities Enter the PTO s distributive share of total income reported on federal Form 1065 line 8 or federal Form 1120S line 6 Enter the PTO s share of the partnership s total everywhere and Idaho property payroll and sales net of intercompany eliminations in the spaces provided These amounts can be found on the partnership's Idaho Form 42 The capitalized rent expense on line 5 is the amount of rent expense net of intercompany rent expense after being capitalized by eight Every estate or trust required to file an Idaho income tax return Every partnership or S corporation transacting business in Idaho File the 2012 form for calendar year 2012 or a fiscal year that begins in 2012 If the PTE s tax year is a fiscal year fill in the tax year space at the top of the form Final K 1 Final Return and Amended Return For all other PTOs complete lines 1 2 and 8 through 10 Additionally if the PTE is a partnership complete lines 3 For assets acquired prior to 2008 or after 2009 for which you claimed bonus depreciation enter the PTO s distributive share of the differences between the federal and Idaho depreciation and gains and losses on these assets reported on Form 65 line 30 Form 41S line 32 or Form 66 Schedule B line 9 For assets acquired prior to 2008 or after 2009 for which you claimed bonus depreciation enter the PTO's distributive share of the differences between the federal and Idaho depreciation and gains and losses reported on Form 65 line 19 Form 41S line 17 or Form 66 Schedule B line 5 For credits this is the PTO s distributive share of the total of: For lines 1 through 17 enter the PTO s distributive share of Idaho credits and Idaho credit recapture For PTOs other than C corporations enter the PTO s distributive share of gain or loss on the sale of Idaho qualified property If the PTO is a C corporation leave this line blank For recapture this is the PTO s distributive share of the total of: For tax year Form ID K 1 is used to provide the partner shareholder or beneficiary of a pass through entity (PTE) with information required to complete the pass through owner s (PTO s) Idaho income tax return Form ID K 1 isn't intended to be a substitute for the federal Schedule K 1 The information reported on the Form ID K 1 relates to Idaho law and identifies Idaho adjustments allocation and apportionment amounts credits and recapture amounts Items that are included on federal Schedule K 1 such as the Section 179 deduction aren't shown on the ID K 1 as most amounts required on the Form ID K 1 aren't found on the federal Schedule K 1 Form ID K 1 Page 2 Form ID K 1 Page 3 GENERAL INSTRUCTIONS Gross income is determined as provided in the Internal Revenue Code (IRC) sections 61(a) 691 702(c) and 1366(c) These amounts can be reported as non separately stated items or as separately stated items and can be found on various schedules Gross income won't generally tie to a specific line on the Form 41S Form 65 or Form 66 because many of the amounts on the return are reported net of expenses HEADING AND QUESTIONS ID K 1 Idaho part year resident and nonresident individuals need to modify the amounts reported on the Form ID K 1 before entering them on their Idaho individual income tax returns A nonresident uses the Idaho apportionment factor to determine how much of his share of income and deduction from the PTE is from an Idaho source A part year resident is considered to have earned the income from a PTE ratably during the tax year For the portion of the year that the PTO was a nonresident he will use the Idaho apportionment factor to determine how much of his share of income and deductions considered earned during that time is from an Idaho source For the portion of the year he is a resident of Idaho he must report all the Idaho income and deductions considered earned during that portion of the year Identification Numbers Name and Address If the pass through owner (PTO) is an individual estate or trust see instructions and enter amount of pass through owner s distributive share of gross income If the PTE is a trust or estate skip Part A If the PTE is an estate or trust skip Part A If the PTE is filing an Idaho Form 66 the PTE may be eligible to claim a credit for taxes paid on Form 66 Schedule C line 2 If the PTE is paying the tax on behalf of the PTO check this box The PTO won t be required to file an Idaho individual income tax return for the tax year in which the tax is paid by the PTE on a composite return The option to have the PTE pay the tax for the PTO isn t available to the following: If the PTO is a trust or an estate skip line 10 Partnerships and S corporations enter the PTO s distributive share of technological equipment donation reported on Form 65 line 26 and Form 41S line 28 If the PTO is an Idaho nonresident or part year resident complete lines 1 2 and 8 through 10 if applicable Leave remaining lines blank If the PTO is an Idaho resident or an Idaho resident estate or trust complete line 2 Leave remaining lines blank If the PTO is an individual trust or estate enter the amount of the PTO s distributive share of the PTE s gross income Don't multiply this by the PTE's Idaho apportionment factor If the PTO is treated as a disregarded entity under the IRC check this box If this is the last year the PTE is filing an Idaho income tax return or if the PTE is filing an amended Idaho return check the applicable box at the top of the form If you reported recapture of credits in Part D identify the year that the credit was originally earned for each amount recaptured or include a copy of the applicable recapture form reporting this information Include a schedule or use Part E to identify the type of property sold the date of sale and the holding period of the property Income from an interest in an estate or trust is included within the federal definition of gross income This constitutes gross income from the detailed rules of IRC Subtitle A Chapter 1 Subchapter J Part I (section 641 and following) See Treas Reg section 1 61 13(a) Instructions for Idaho Form ID K 1 Line 1 Contributions to Idaho Educational Entities Line 1 Idaho Apportionment Factor Line 1 State Municipal and Local Taxes Measured by Net Income Line 10 Income and Expenses Allocated to Idaho Line 11 Other Idaho Subtractions Line 2 Bonus Depreciation Addition Line 2 Contributions to Idaho Youth and Rehabilitation Facilities line 2 Except for amortization don t include expenses associated with the securities on this line Report the expenses on line 7a Line 2 Total Income Line 3 Interest and Dividends Not Taxable Under the IRC Line 4 Other Idaho Additions Line 5 Interest from Idaho Municipal Securities Line 6 Interest on U S Government Obligations Line 7 Interest and Other Expenses Related to Lines 3 5 Line 8 Allocated Income Line 8 Bonus Depreciation Deduction line 8 Except for amortization don t include expenses associated with the securities on this line Report the expenses on line 7b Line 9 Idaho Capital Gain (Loss) Eligible for the Idaho Capital Gains Deduction Line 9 Nonbusiness Expense Offset Line a Idaho Gross Income Line b Tax Paid on Behalf of PTO Line c Withholding Paid on Behalf of PTO Line10 Idaho Technological Equipment Donation Lines 3 Through 7 Lines 3 through 7 should be completed only by a PTE that is a partnership or taxed as a partnership If the partner is an individual trust or estate the partnership can skip lines 3 through 7 All other PTEs skip lines 3 through 7 and go to line 8 Lines 8 Through 10 Lines 8 through 10 are used by all PTOs Nonresident individuals trusts and estates will need to know what income is allocated income since this income is not apportioned to determine Idaho source income Instead allocated income and the related nonbusiness expense offset amount on line 9 is specifically sourced to a state Income allocated to Idaho is listed on line 10 Provide a detailed breakdown of this income and related expenses on page 2 Part E List in Part E any supplemental information required or needed by the PTO to complete his Idaho return that isn t entered elsewhere on Form ID K 1 If there isn t enough space provided in Part E to report the information include additional schedules as needed Nonresidents who have Idaho taxable income from sources other than pass through entities On lines 7a through 7c enter the PTO s distributive share of interest and other expenses related to the income reported on lines 3 5 and 6 Owner's Ownership Percentage PART A ALLOCATION AND APPORTIONMENT PART B IDAHO ADJUSTMENTS PART C IDAHO CONTRIBUTIONS PART D IDAHO CREDITS AND CREDIT RECAPTURE PART E SUPPLEMENTAL INFORMATION Part year residents who have Idaho taxable income from sources other than pass through entities PARTNER S SHAREHOLDER S Pass through entity s name address city state and ZIP Code Pass through entity's EIN Pass through owner s name address city state and ZIP Code Pass through owner's SSN/EIN Provide information necessary for the computation of the credit for taxes paid to another state This information must be provided on a state by state basis Include the PTO s share of the amount of tax paid to the other state by the PTE and the PTO s share of the income reported to the other state Qualified Investment Partnerships Questions about the owner: Recapture of Credits Report all amounts at the PTO's distributive share before applying the Idaho apportionment factor Reporting of Pass Through Items by Individual PTOs Residents SHARE OF IDAHO ADJUSTMENTS CREDITS ETC Shareholder's percentage of stock ownership for the Special rules apply to a PTO who is a nonresident individual when the PTE is a qualified investment partnership under Idaho law A qualified investment partnership is an entity classified as a partnership for federal income tax purposes and isn t a publicly traded partnership taxed as a corporation with at least 90% of its gross income from investments whose income wouldn t be taxed by Idaho if received directly by a nonresident individual Noninvestment income from an Idaho source is subject to Idaho tax If the PTE is a qualified investment partnership include a statement on Form ID K 1 Part E Supplemental Information that the PTE is a qualified investment partnership and that a nonresident may not be taxed on certain investment income SPECIFIC INSTRUCTIONS Subtractions Tax Year The amount of any pass through credit flowing into the PTE for the tax year The amount of any pass through credit recapture flowing into the PTE for the tax year The amount of credit earned by the PTE and The amount of credit recaptured by the PTE and The PTE must either complete Sections A through E for an electing PTO or include a schedule that identifies how the tax for the PTO was computed including any credits that are used to offset tax The PTO s share of the partnership s total everywhere and Idaho property payroll and sales is determined by attributing the partnership s property payroll and sales to the PTO in the same proportion as the PTO s distributive share of partnership income if reporting net income for the tax year or in the same proportion as the PTO s distributive share of partnership losses if reporting a net loss for the tax year These amounts are used if the PTO is a partnership or a corporation to compute its Idaho apportionment factor The amounts will be added to the entity's property payroll and sales amounts in computing its Idaho factors if the income from the PTE is business income to the entity This amount doesn't go on the PTO's Idaho return It's used to calculate the interest expense offset related to tax exempt interest If the PTO isn't reporting a deduction for tax exempt interest the PTO won't use this information in preparing his Idaho return This amount doesn't go on the PTO's Idaho return It's used to determine whether a nonresident or part year resident individual trust or an estate has a filing requirement in Idaho This information is used by a part year resident or nonresident individual trust or estate to determine the amount of PTE's business income that must be reported as Idaho source income while a nonresident of Idaho The apportionment factor doesn't apply to allocated income (lines 8 through 10) through 7 for PTOs that aren't an individual trust or estate Write the PTE s federal employer identification number (EIN) business name and address in the spaces provided Write the PTO s social security number or EIN name and address in the spaces provided

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