Instructions For Idaho Form Pte-12 - Idaho Schedule For Pass-Through Owners
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2EIN00054
09-26-13
INSTRUCTIONS FOR IDAHO FORM PTE-12
GENERAL INSTRUCTIONS
Address
A pass-through entity (PTE) transacting business in Idaho,
Enter the owner's address, city, state and ZIP Code.
including a trust or estate with income taxable in Idaho,
must file a composite return or withhold amounts from
Column (a) Filing Code
the pass-through income of individual nonresidents. If
the nonresident owner files an Idaho Nonresident Owner
Enter one of the following letters corresponding to the
filing code for the owner:
Agreement or had income of less than $1,000 for the tax
year, the PTE is not required to withhold tax or include
the owner on a composite return. The withholding is
A if the owner has provided an Idaho nonresident
a prepayment of Idaho income tax for the individual
owner agreement.
nonresident owner and is paid using a Form PTE-01.
By entering the "A" filing code, the PTE agrees that
Withholding cannot be paid on the PTE's income tax
return or Form PTE-12.
they have received and approved the nonresident
owner agreement from the individual and
acknowledge that the PTE is liable for any tax due if
If the PTE's owners are not natural persons (including
the individual fails to file a return and pay the tax as
corporations, partnerships, trusts, and estates), the
income must flow through to the entity's own return. Do
agreed.
not withhold or include them in a composite return.
C if the individual owner is included in a composite
Form PTE-12 is the reconciliation schedule to be included
return. If the owner is another entity, the income
can't be included on a composite return.
with the PTE's Idaho income tax return (Form 41S,
Form 65 or Form 66) as required by Idaho Code section
N if the individual owner isn't subject to backup
63-3036B. Each owner's complete information is required
on the PTE-12. If Form 66 is being filed, refer to the Form
withholding. Withholding is not required on income
66 Specific Instructions for information on completing
of less than $1,000. Do not withhold on the income
of owners and beneficiaries if they are not natural
Form PTE-12.
persons (including corporations, partnerships,
SPECIFIC INSTRUCTIONS
trusts, and estates).
R if the owner is an Idaho resident or part year
Heading
resident filing an individual Idaho return.
Enter the PTE's name and Employer Identification Number
W if the PTE is paying withholding on behalf of a non-
(EIN) in the space provided.
resident individual on Form PTE-01. Withholding
can't be paid on behalf of another entity.
PTE Tax Year Ending
Enter the ending date of the PTE's tax year.
Column (b) Idaho Distributable Income
If filing code "A", "N" or "R" is entered in Column (a), enter
Contact Name and Telephone Number
in Column (b) the Idaho distributable income.
Enter the name, telephone number, and email address of
Enter the total amount of the owner's pass-through
a person who may be contacted regarding the information
income. This includes the pro rata or distributive
reported on Form PTE-12.
share of income including guaranteed payments to a
partner multiplied by the pass-through entity's Idaho
Owner's Name and Social Security Number or EIN
apportionment factor. The total for this column will be
Enter the name and corresponding Social Security
entered on either Form 41S, line 40 or Form 65, line 38.
number of each owner as it will appear on their Idaho
income tax return, one owner per line.
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