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Idaho Free Printable Form ID K-1, Partner's, Shareholder's or Beneficiary's Share of Idaho Adjustments, Credits, etc. and Instructions 2019 for 2020 Idaho Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments Credits ETC.

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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 2019

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 19 Day 2019 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) Idaho Resident Individual (R) Other LLC Member State Composite (C) Pass-through Withholding (W) Disregarded Entity ZIP Code Not Required (N) 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) ....................................... 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 ................................................ 19 EFO00201 02-03-2020 Page 1 of 3 Form ID K-1 — Schedule Idaho Additions 2019 (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 21, 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 — Composite Filing and Pass-through Withholding Idaho Amount 35. Owner’s income reported on the entity’s composite return ..................................................... 35 36. Multiply line 35 by 6.925% ....................................................................................................... 36 37. Share of Idaho credits claimed on behalf of the owner ........................................................... 37 38. Tax paid by the entity on behalf of the owner on composite return ................................. 38 39. Tax withheld by the entity on behalf of the owner ............................................................. 39 Part VI — Pass-through Informational Items 40. 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 41. Interest expense offset total income ................................ EFO00201 02-03-2020 d. Distributive share of gain or (loss) Idaho 41 Page 2 of 3 Form ID K-1 — Schedule Part VII — Pass-through Idaho Credits Calculated by Entity 2019 (continued) Idaho Amount 42. Investment tax credit ............................................................................................................... 42 43. Credit for production equipment using post-consumer waste ................................................. 43 44. Promoter-sponsored event credit ............................................................................................ 44 45. Credit for Idaho research activities .......................................................................................... 45 46. Broadband equipment investment credit ................................................................................. 46 47. Idaho small employer investment tax credit ............................................................................ 47 48. Idaho small employer real property improvement tax credit .................................................... 48 49. Idaho small employer new jobs credit ...................................................................................... 49 50. Recapture of investment tax credit .......................................................................................... 50 51. Recapture of broadband equipment investment credit ............................................................ 51 52. Recapture of Idaho small employer investment tax credit ....................................................... 52 53. Recapture of Idaho small employer real property improvement credit .................................... 53 54. Recapture of Idaho small employer new jobs credit ................................................................ 54 Part VIII — Informational Items for Idaho Credits Idaho Amount 55. Share of eligible contributions to Idaho educational entities .................................................... 55 56. Share of eligible contributions to Idaho youth and rehabilitation facilities ................................ 56 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 57. Share of owner’s adjusted income in other states ................................................................... 57 58. Share of taxes paid on the owner’s behalf to other states ....................................................... 58 Part X — Supplemental Information EFO00201 02-03-2020 Page 3 of 3 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 X stating that the entity is a qualified investment partnership and that a nonresident isn’t taxed on certain income. Specific Instructions File the 2019 form for calendar year 2019 or a fiscal year that begins in 2019. 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. EIN00075 12-09-2019 2019 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 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. 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. Page 1 of 4 Form ID K-1 — Instructions 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. Nonresident Owners Complete lines 7-17 and line 19 of Columns A and B. Column A: Enter the owner’s share of amounts from the federal K-1. Column B: Multiply Column A by the Idaho apportionment factor (Part III, line 6), 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 $300,000 in 2017 for services performed in Utah. The first $257,500* is sourced as compensation to Utah and is reported on Line 31, Column A. The remaining $42,500 is sourced to Idaho and is entered here. See Guaranteed Payments Guidance at tax.idaho.gov/pte. *Amount changes every year. Line 18 Column B: Complete if you’re a trust or estate. Enter the beneficiary’s share of Idaho distributed income from Form 66, line 5. EIN00075 12-09-2019  2019 (continued) 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 • Trusts and estates: ‚ Enter the owner’s share of Form 66, Schedule B, line 3 Line 21 Column A: Multiply the amount from the following by the owner’s percentage of ownership. • Idaho Form 41S, line 19 • 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 B, line 2 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 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 B, line 5 and include a schedule 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 Page 2 of 4 Form ID K-1 — Instructions 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 B, line 6 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. 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 B, line 8 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. 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 B, line 8 Line 26 2019 (continued) 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. 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 B, line 9 Line 28 Column A: Multiply the amount from Idaho Form 41S, line 33, Form 65, line 31, or Form 66 (include a schedule) by the owner’s percentage of ownership. 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 B, line 10 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. Column A: Multiply the amount from Idaho Form 41S, line 28, or Form 65, line 26 by the owner’s percentage of ownership. For example, a Utah partner receives a guaranteed payment of $300,000 in 2017 for services performed in Utah. The first $257,500* is sourced as compensation to Utah and is reported here. Column B: See Guaranteed Payments Guidance at tax.idaho.gov/pte. • 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 B, line 10 EIN00075 12-09-2019  *Amount changes every year. Line 32. Enter all other allocated income. Include a schedule listing the source of the income. Line 34 Column B: Add Column B, line 29 plus Column B, line 33. This amount ties to Form PTE-12, Column (b), (c) or (e) for this owner. Page 3 of 4 Form ID K-1 — Instructions Part V — Composite Filing and Pass-through Withholding Line 35. Enter amount from Form PTE-12, column (c) for this owner. Line 36. Multiply line 35 by 6.925%. Line 37. Enter amount from Form 44 for this owner. Line 38. Enter the amount from Form PTE-12, column (d) for this owner. Line 39. Enter the amount from Form PTE-12, column (f) for this owner. This amount matches the PTE-01 amount for this owner. Part VI — Pass-through Informational Items Line 40. 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 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 41. Enter the amounts from federal Form 1120S, line 6 or federal Form 1065, line 8 multiplied by the owner’s percentage of ownership. 2019 (continued) Line 57. Enter the owner’s share of the adjusted income reported to the other state. Line 58. Enter the owner’s share of taxes paid to the other state by the entity. Part X — 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. 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. 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 VII — Pass-through Idaho Credits Calculated by Entity Multiply the pass-through Idaho credits by the owner’s percentage of ownership. Part VIII — Informational Items for Idaho Credits Part-year Residents You earn income from the entity proportionately during the tax year. Line 55. Enter the owner’s distributive share of the total amount of qualifying contributions to Idaho educational entities. For the portion of the year you were a nonresident Line 56. Enter the owner’s distributive share of the total amount of qualifying contributions to Idaho youth and rehabilitation facilities. For the portion of the year you were an Idaho resident Part IX — Information for Credit for Income Tax Paid to Other States • Use the Idaho apportionment factor to determine the amount of Idaho source income • Report all income and deductions Nonresident Use the Idaho apportionment factor to determine the amount of Idaho source income from the entity. Enter the two letter state abbreviation for the state that also taxed the income. Contact us: In the Boise area: (208) 334-7660 | Toll free: (800) 972-7660 Hearing impaired (TDD) (800) 377-3529 tax.idaho.gov/contact EIN00075 12-09-2019  Page 4 of 4
Extracted from PDF file 2019-idaho-form-id-k-1.pdf, last modified December 2019

More about the Idaho FORM ID K-1 Corporate Income Tax TY 2019

We last updated the Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments Credits ETC. in March 2020, so this is the latest version of FORM ID K-1, fully updated for tax year 2019. You can download or print current or past-year PDFs of FORM ID K-1 directly from TaxFormFinder. You can print other Idaho tax forms here.

Other Idaho Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Idaho income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
FORM 41 Idaho Corporation Income Tax Return
FORM 56 Idaho Net Operating Loss
FORM 42 Idaho Apportionment And Combined Reporting Adjustments
FORM PTE-12 Idaho Schedule For Pass-Through Owners with Instructions
FORM 66 Idaho Fiduciary Income Tax

Download all ID tax forms View all 66 Idaho Income Tax Forms


Form Sources:

Idaho usually releases forms for the current tax year between January and April. We last updated Idaho FORM ID K-1 from the State Tax Commission in March 2020.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Idaho FORM ID K-1

We have a total of nine past-year versions of FORM ID K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 FORM ID K-1

Form ID K-1, Partner's, Shareholder's or Beneficiary's Share of Idaho Adjustments, Credits, etc. and Instructions 2019

2018 FORM ID K-1

Form ID K-1 Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments, Credits, etc. 2018

2017 FORM ID K-1

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

2016 FORM ID K-1

Form ID K-1 - Partner's, Shareholder's, or Beneficiary's Share of Idaho Adjustments, Credits, etc. 2016

Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments Credits ETC. 2015 FORM ID K-1

FORM ID K-1

Partner's Shareholder's or Beneficiary's Share of Idaho Adjustments Credits ETC. (08-27-2014) F 2014 FORM ID K-1

Form ID-K-1


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