PDF document

- 1 -

                               Form PTE-12
                               Schedule of Pass-through Owners                                                                               2022
                               (Required with Forms 41S, 65, or 66)
Pass-through entity (PTE) name                                     PTE EIN                                PTE tax year beginning PTE tax year ending

Contact name                                                       Contact phone number                   Contact email address

                                                                                        (a) (b)           (c)                    (d)                (e)
                                                                                            Idaho         Composite              Income Tax         ABE
                               EIN or                                        Filing         Distributable Income                 Withheld by        Tax Paid
Owner’s Name                   Social Security Owner’s Address               Code           Income        Tax Paid by            Entity             by Entity
(one owner per line)           Number          City, State, and ZIP Code                                  Entity

                                               Total Columns (b), (c), (d), and (e) 
If you have more than one schedule, enter the total amounts on the last page only.
                                               Page                        of
EFO00241    08-16-2022

- 2 -

                     Form PTE-12 — Instructions
                     Schedule of Pass-through Owners

General Instructions                                Nonresident individual owners with Idaho 
Form PTE-12 is the reconciliation schedule you      distributable income of less than $1,000
include with the entity’s Idaho income tax return   Only complete columns (a) and (b).
(Form 41S, Form 65, or Form 66) as required         •  These owners must report the income from the 
by Idaho Code section 63-3036B. Include each        entity on their Idaho income tax returns if they 
owner’s complete information whether the owner      have other Idaho reporting requirements. They 
has Idaho distributable income or a loss. If you’re aren’t included in a composite return and aren’t 
filing Form 66, refer to the Form 66 Specific       subject to withholding.
Instructions for information on completing          •  The entity includes the owner(s) information 
Form PTE-12.                                        on the PTE-12. Enter “N” in the Filing Code 
A pass-through entity includes a partnership, a     column.
limited liability company taxed as a partnership, 
an S corporation, or a trust or estate. Income,     Nonresident individual owners with Idaho 
loss, deductions, and credits typically flow        distributable income of at least $1,000
through and the owner pays the tax. The entity      An entity has three options:
can choose to pay the tax for Idaho nonresident     Composite return
individual owners on the entity’s composite         Only complete columns (a), (b), and (c).
return.                                             •  The entity pays the tax for the nonresident 
The definition of “individual” includes:            individual owner(s) on the entity’s return at the 
•  Natural persons                                  corporate tax rate (6%).
•  Grantor trusts                                   •  The entity includes the nonresident 
                                                    individual owner’s information on the PTE-
• Qualified subchapter S trusts, and                12. Enter “C” in the Filing Code column.
•  Single-member LLCs that haven’t elected 
  to be classified as a corporation and are         Pass-through entity withholding on Form PTE-01
  treated as disregarded entities for federal       Only complete columns (a), (b), and (d).
  purposes                                          •  The entity pays Idaho income tax withholding 
A pass-through entity transacting business in       computed at the highest individual rate 
Idaho with income taxable in Idaho has reporting    (6%) on the nonresident individual owner’s 
requirements for each pass-through owner type.      Idaho-source distributable income from the 
                                                    entity.
Resident and part-year resident individuals         •  The entity submits withholding to the Tax 
Only complete columns (a) and (b).                  Commission using Form PTE-01 for each 
•  These owners must report the income              nonresident individual owner.
  from the entity on their Idaho individual         •  The entity includes the nonresident individual 
  income tax returns. They can’t be included        owner’s information on the PTE-12. Enter “W” 
  in a composite return and aren’t subject to       in the Filing Code column.
  withholding.
•  The entity includes resident and part-year       Form PTE-NROA (Nonresident Owner 
  resident individual owner information on the      Agreement)
  PTE-12. Enter “R” in the Filing Code column.      Only complete columns (a) and (b).
                                                    •  The nonresident individual owner can submit a 
Corporations, partnerships, trusts, and             signed agreement (PTE-NROA) to the entity.
estates
                                                    •  This allows the nonresident individual owner to 
Only complete columns (a) and (b).
                                                    file an Idaho return to report the Idaho-source 
•  These owners must report the income on           distributable income from the entity and pay 
  their Idaho return.                               the required tax due.
•  Include the owner information on the 
  PTE-12. Enter “N” in the Filing Code column.
EIN00054 08-16-2022                                                                         Page 1 of 3

- 3 -

Form PTE-12 — Instructions (continued)

• If the entity receives the signed agreement acknowledges that the entity is liable for any
from the nonresident individual owner and tax due if the individual doesn’t file a return
approves it, the entity doesn’t include the and pay the tax as agreed.
individual in a composite return or pay
withholding to the Tax Commission on the Composite (C)
owner’s behalf. The nonresident individual owner is included
in a composite return. If the owner isn’t an
• The entity includes the nonresident individual,* the income can’t be included on a
individual owner’s information on the PTE- composite return, and code “C” can’t be used.
12. Enter “A” in the Filing Code column.
Affected Business Entity (E)
Affected business entities The entity has elected to pay tax at the entity
Only complete columns (a), (b), and (e). level.
The entity has elected to be taxed at the entity If the entity uses filing code “E,” it must apply to
level. Enter “E” in the Filing Code column. all owners.

Specific Instructions Not Required (N)
The owner isn’t subject to backup withholding.
Heading
Backup withholding isn’t required on income of
Enter the entity’s name and Employer
less than $1,000. Don’t withhold on the income
Identification Number (EIN) in the space
of owners and beneficiaries if they aren’t natural
provided.
persons* (including corporations, partnerships,
Entity’s tax year beginning and ending trusts, and estates).
Enter the beginning and ending date of the
Resident (R)
entity’s tax year.
The owner is an Idaho resident or part-year
Contact name and phone number resident filing an Idaho individual income tax
Enter the name, phone number, and email return.
address of a person we can contact about the
Withholding (W)
information reported on Form PTE-12.
The entity is paying backup withholding on
Owner’s name and Social Security number or behalf of a nonresident individual owner on
EIN Form PTE-01.
Enter the name and corresponding Social Withholding can’t be paid on behalf of another
Security number or EIN of each owner as shown entity, and code “W” can’t be used.
on the Idaho income tax return, one owner per
*See General Instructions for definition of “individual.”
line.
Column (b) Idaho Distributable Income
Address
Enter the Idaho distributable income for all filing
Enter the owner’s address, city, state, and ZIP
codes.
code.
This is the amount computed on Form ID K-1,
Column (a) Filing Code line 34. (See Guaranteed Payments Guidance
Enter one of the following letters corresponding at tax.idaho.gov). If the beneficiary is an Idaho
to the filing code for the owner. nonresident, only enter the nonresident beneficiary’s
share of the distributed Idaho-source income. Some
Agreement (A)
sources of income may not be Idaho-source income
The nonresident individual owner has provided
to a nonresident beneficiary.
an Idaho nonresident owner agreement
(Form PTE-NROA). Column (c) Composite Income Tax Paid by Entity
If you enter filing code “C” in column (a), enter
By entering the “A” filing code, the entity
in this column the tax paid on behalf of the
agrees that it received and approved
nonresident individual owner by the entity on
the agreement from the individual* and
the composite return. For those individuals with

EIN00054 08-16-2022 Page 2 of 3

- 4 -

Form PTE-12 — Instructions (continued)

positive income, compute the tax by multiplying Column (e) ABE Tax Paid by Entity
the income by the tax rate of 6%. Enter the total If you enter filing code “E” in column (a), enter in this
for this column on either Form 41S, line 44 or column the tax paid on behalf of the individual owner
Form 65, line 42. by the entity on the ABE return. For those individuals
with positive income, compute the tax by multiplying
Column (d) Income Tax Withheld by Entity the income by the tax rate of 6%. If the member is
If you enter filing code “W” in column (a), enter an exempt entity, enter zero in this column. The total
in this column the tax withheld on behalf of the for this column should equal 6% of either Form 41S,
nonresident individual owner. The total amount line 43 or Form 65, line 41.
reported should match the total amount paid on
the PTE-01s.
Don’t send payments or PTE-01s with the entity
return.

Contact us:
In the Boise area: (208) 334-7660 |Toll free: (800) 972-7660
Hearing impaired (TDD) (800) 377-3529
tax.idaho.gov/contact
EIN00054 08-16-2022 Page 3 of 3

PDF file checksum: 1785922642

(Plugin #1/9.12/13.0)