PDF document

- 1 -

Form ID K-1 — Schedule
Partner’s, Shareholder’s, or Beneficiary’s 2023
Share of Idaho Adjustments, Credits, etc.
Mo Day Year Mo Day Year
For tax year
beginning 23 ending Final K-1 Amended K-1
Part I — Pass-through Entity (PTE) Information
Partnership S Corporation Estate Resident Trust Nonresident Trust Qualified Investment Partnership
PTE EIN PTE name

PTE current address City State ZIP Code

Part II — Owner Information
General Partner Limited Partner Shareholder Beneficiary Other LLC Member Disregarded Entity
Owner’s SSN/EIN Owner’s name

Owner’s current address City State ZIP Code

PTE filing code: Nonresident Owner Agreement (A) Composite (C) Affected Business Entity (E)
Not Required (N) Idaho Resident Individual (R) 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
Total Idaho
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

Partnerships and Corporations 6. Idaho apportionment factor ..................................................................................................... 6 %

Part IV — Idaho Distributable Income Column A Column B
Federal Income Federal Idaho Apportioned
7. Ordinary income (loss) ...................................................... 7
8. Net rental real estate income (loss) .................................. 8
9. Interest income ................................................................. 9
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 ................................................ 19
EFO00201 09-18-2023 Page 1 of 4

- 2 -

Enlarge image

Form ID K-1 — Schedule 2023 (continued)
Idaho Additions Column A Column B
Total Gross Owner’s Share 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 Column A Column B
Total Gross Owner’s Share Idaho Apportioned Amount
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
Allocated Income Column A Column B
Total Gross Owner’s Share 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:
a. Description of property and Idaho location: b. Date acquired c. Date sold d. Distributive share
(mm/dd/yyyy) (mm/dd/yyyy) of gain or (loss)

Federal Idaho

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

EFO00201 09-18-2023 Page 2 of 4

- 3 -

Enlarge image

Form ID K-1 — Schedule 2023 (continued)

Part VII — Pass-through Idaho Credits Calculated by Entity Idaho Amount
(See Part XI if filing as Composite/ABE)

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 Idaho Amount
(See Part XI if filing as Composite/ABE)

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 Total Amount
(See Part XI if filing as Composite/ABE)

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
Idaho Amount
(ABE)

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
EFO00201 09-18-2023 Page 3 of 4

- 4 -

Enlarge image

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

EFO00201 09-18-2023 Page 4 of 4

- 5 -

Enlarge image

Form ID K-1 — Instructions
Partner’s, Shareholder’s or Beneficiary’s 2023
Share of Idaho Adjustments, Credits, etc.
General Instructions Part II — Owner Information
Idaho Form ID K-1 provides pass-through entity Owner’s member type. Check the appropriate box
owners with the information needed to complete to show if this owner is a general partner, limited
their Idaho income tax returns. partner, shareholder, beneficiary, other LLC member,
Idaho Form ID K-1 contains Idaho-specific or disregarded entity.
information not found on the federal Schedule K-1 Enter the owner’s Social Security number or EIN,
including Idaho adjustments, allocation, and name, and mailing address in the spaces provided.
apportionment amounts, credits, and recapture
amounts. PTE filing code. Check the appropriate box for your
reporting requirements for this owner.
An entity must provide a copy of this form to each
• If you have a Form PTE-NROA from the
of its owners.
owner, check the Nonresident Owner
Qualified Investment Partnerships Agreement box
A qualified investment partnership: • If the owner is part of your composite return,
• Is an entity classified as a partnership for check the Composite box
federal income tax purposes • If the owner is part of your affected business
• Isn’t publicly traded as a corporation, and entity return, check the Affected Business Entity
• Has at least 90% of its gross income from box
investments that Idaho wouldn’t tax if received • If you weren’t required to withhold on this owner,
directly by a nonresident individual check the Not Required box
Nonresident individuals who own an interest in a • If the owner is an Idaho resident or part-year
qualified investment partnership are taxed on their resident, check the Idaho Resident Individual box
share of the entity’s noninvestment income from an • If you paid Idaho withholding on Form PTE-01
Idaho source. Nonresident individuals aren’t taxed on behalf of the owner, check the Pass-through
on their share of the entity’s investment income. Withholding box
An entity must include supplemental information For more information on these requirements, see
on Part XII stating that the entity is a qualified Form PTE-12 instructions.
investment partnership and that a nonresident isn’t
taxed on certain income. Beneficiary’s percentage of distributive share.
Enter the beneficiary’s percentage of distributive share
Specific Instructions as shown on the owner’s federal Schedule 1041 K-1.
File the 2023 form for calendar year 2023 or a
fiscal year that begins in 2023. If the entity’s tax Owner’s share of profit and loss/stock ownership.
Enter the partner’s beginning and ending share
year is a fiscal year, fill in the tax year space at the
of profit and loss shown on the partner’s federal
top of the form.
Schedule 1065 K-1 or the shareholder’s stock
If this is the last year the entity is filing an Idaho ownership as shown on the shareholder’s federal
income tax return or if the entity is filing an Schedule 1120S K-1.
amended Idaho return, check the applicable box at
the top of the form.
Part III — Pass-through Owner’s Share of
Idaho Apportionment Factor Items
Part I — Pass-through Entity Information
Enter your federal Employer Identification Number Complete this section if you’re an S corporation, a
(EIN), business name, and mailing address in the partnership, or are taxed as a partnership.
spaces provided. Lines 1 through 5. Complete for owners who are
Check the appropriate boxes to identify the entity. partnerships or corporations. If the partnership or
corporation has a 100% Idaho apportionment factor,
skip lines 1 through 5. Skip for all other owners.

EIN00075 09-18-2023 Page 1 of 5

- 6 -

Enlarge image

Form ID K-1 — Instructions 2023 (continued)

Enter the owner’s share of total and Idaho property, Line 18
payroll, and sales (net of intercompany eliminations) If the beneficiary is an Idaho nonresident, only
from Idaho Form 42 in the spaces provided. enter the nonresident beneficiary’s share of the
Complete these lines even if you use single sales Idaho-source income distributed from Form 66, line
factor. 5. Some sources of income may not be Idaho-source
income to a nonresident beneficiary.
Line 6. Enter your Idaho apportionment factor. If
all business was transacted in Idaho, enter 100%. Column B: Complete if you’re a trust or estate. Enter
Otherwise, enter the amount from your Idaho the beneficiary’s share of Idaho distributed income
Form 42, Part I, line 21. from Form 66, line 5.
Idaho Additions
Part IV — Idaho Distributable Income
Line 20
What does Column A represent?
Column A represents the owner’s specific share of Column A: Multiply the amount from the following by
the entity’s income, modifications, and credits. the owner’s percentage of ownership.
• Idaho Form 41S, line 20
What does Column B represent?
Column B represents the portion of Column A that’s • Form 65, line 18
allocated or apportioned to Idaho. Column B:
• S corporations or partnerships:
For S Corporations and Partnerships:
Multiply Column A by the Idaho
Idaho Resident and Part-year Resident Owners apportionment percentage
Complete lines 7-17 and line 19 of Columns A
and B. These are the amounts from the federal Line 21
Schedule K-1. For lines 20-28, Column B equals
Column A: Multiply the amount from the following by
Column A.
the owner’s percentage of ownership.
Nonresident Owners • Idaho Form 41S, line 19
Complete lines 7-17 and line 19 of Columns A and B. • Form 65, line 17
Column A: Enter the owner’s share of amounts • Form 66, Schedule A, line 8, Column A
from the federal K-1.
Column B:
Column B: Multiply Column A by the Idaho • S corporations or partnerships:
apportionment factor (Part III, line 6), and enter
Multiply Column A by the Idaho
amount here.
apportionment percentage
Line 16. Complete if you’re a partnership. • Trusts and estates:
Enter the amount of guaranteed payments included Enter the owner’s share of Form 66, Schedule
in apportionable income (income assigned among A, line 8, Column B
states using a formula).
Line 22
Enter the amount of guaranteed payments in
excess of the amount sourced as compensation for Column A: Multiply the amount from the following by
services. the owner’s percentage of ownership.
For example, a Utah partner receives a guaranteed • Idaho Form 41S, line 21
payment of $400,000 in 2023 for services • Form 65, line 19
performed in Utah. The first $314,065* is sourced • Form 66, Schedule A, line 9, Column A
as compensation to Utah and is reported on Line 31
Column A. The remaining $85,935 is sourced to Column B:
Idaho and is entered here. • S corporations or partnerships:
See Guaranteed Payments Guidance at Multiply Column A by the Idaho
tax.idaho.gov/pte. apportionment percentage
*Amount changes every year.

EIN00075 09-18-2023 Page 2 of 5

- 7 -

Enlarge image

                                                        Form ID K-1 — Instructions     2023     (continued)

• Trusts and estates:                                 Column B:
          Enter the owner’s share of Form 66,        • S corporations or partnerships:
           Schedule A, line 9, Column B and include a        Multiply Column A by the Idaho apportionment 
           schedule                                           percentage

Line 23                                               • Trusts and estates:
           Multiply the amount from the following            Enter the owner’s share of Form 66, 
Column A: 
by the owner’s percentage of ownership.                       Schedule A, line 12, Column B
• Idaho Form 41S, line 22                             Line 26 
• Form 65, line 20                                    Column A: Multiply the amount from Idaho Form 41S, 
• Form 66, Schedule A, line 10, Column A              line 28 or Form 65, line 26 by the owner’s percentage 
                                                      of ownership.
Column B:
• S corporations or partnerships:                     • Trusts and estates:
          
          Multiply Column A by the Idaho                 Enter the owner’s share of the amount from 
           apportionment percentage                           Form 66, Schedule A, line 14, Column A
• Trusts and estates:                                 Column B:
          Enter the owner’s share of Form 66,        • S corporations or partnerships:
           Schedule A, line 10, Column B and                 Multiply Column A by the Idaho apportionment 
           include a schedule                                 percentage

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

EIN00075   09-18-2023                                                                             Page 3 of 5

- 8 -

Enlarge image

Form ID K-1 — Instructions 2023 (continued)

Column B: C corporation, leave this line blank. Use this line to
• S corporations or partnerships: identify the property sold, date acquired, date sold,
Multiply Column A by the Idaho and distributive share of gain or loss.
apportionment percentage
Line 37. Enter the amounts from federal Form 1120S,
• Trusts and estates: line 6 or federal Form 1065, line 8 multiplied by the
Include the owner’s share of Form 66, owner’s percentage of ownership.
Schedule A, line 14, Column B
Part VII — Pass-through Idaho Credits
Line 29
Calculated by Entity
Add lines 19 and 20 through 23, and then subtract
lines 24 through 28. (See Part XI if filing as Composite/ABE)

Allocated Income Multiply the pass-through Idaho credits by the owner’s
Allocated income is income that’s assigned to one percentage of ownership.
specific state. Report the allocated portion of a
guaranteed payment here. Part VIII — Informational Items for Idaho Credits
(See Part XI if filing as Composite/ABE)
Line 30. Complete if you’re a partnership
Line 50. Enter the owner’s distributive share of the
Column B: Enter the amount of guaranteed
total amount of qualifying contributions to Idaho
payments sourced to Idaho.
educational entities.
Line 31. Complete if you’re a partnership.
Line 51. Enter the owner’s distributive share of the
Column A. Enter the amount of guaranteed total amount of qualifying contributions to Idaho
payments sourced as compensation to a state other youth and rehabilitation facilities.
than Idaho.
For example, a Utah partner receives a guaranteed Part IX — Information for Credit for Income
payment of $400,000 in 2023 for services Tax Paid to Other States
performed in Utah. The first $314,065* is sourced
Enter the two letter state abbreviation for the state
as compensation to Utah and is reported here.
that also taxed the income.
See Guaranteed Payments Guidance at
tax.idaho.gov/pte. Line 52. Enter the owner’s share of the adjusted
income reported to the other state.
*Amount changes every year.
Line 53. Enter the owner’s share of taxes paid to the
Line 32. Enter all other allocated income. Include a
other state by the entity.
schedule listing the source of the income.

Line 34 Part X — Information for Investment Tax Credit
Column B: Add Column B, line 29 plus Column B, (See Part XI if filing as Composite/ABE)
line 33. This amount ties to Form PTE-12, Column
Line 54. Enter the owner’s share of the qualifying
(b) for this owner.
new investments for the Idaho investment tax credit.

Part V — Pass-through Withholding Line 55. Enter the owner’s share of qualifying used
Line 35. Enter the amount from Form PTE-12, investments for the Idaho investment tax credit.
column (d) for this owner. This amount matches the
Line 56. Enter the owner’s share of the Idaho
PTE-01 amount for this owner.
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

EIN00075 09-18-2023 Page 4 of 5

- 9 -

Enlarge image

Form ID K-1 — Instructions 2023 (continued)

Part XI — Pass-through Idaho Credits – Idaho Residents
Composite/Affected Business Entity (ABE) You pay tax on all of your income from the entity even
For S corporations, multiply the entity’s pass- if the entity apportions the income between Idaho and
through Idaho credits by the member’s ownership other states.
percentage.
Part-year Residents
For a partnership, multiply the entity’s pass-through You earn income from the entity proportionately during
Idaho credits by the member’s distributive share of the tax year.
income (including guaranteed payments). For the portion of the year you were a nonresident:

Line 57. Enter the amount from Form PTE-12, • Use the Idaho apportionment factor to
column (c) for this owner. determine the amount of Idaho source income
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
Nonresident
Part XII — Supplemental Information
Use the Idaho apportionment factor to determine the
List any supplemental information required by the amount of Idaho source income from the entity.
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.

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 09-18-2023 Page 5 of 5

PDF file checksum: 2092054223

(Plugin #1/9.12/13.0)