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June 5, 2019
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We have a Schedule K-1 we filled out for our Federal Taxes and now the Utah State Taxes are asking if we received a Utah K-1. Is that the same form?

  • June 5, 2019
  • 1 reply
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Best answer by Fern
No, it is not the same form. You may not have received a Utah K-1.

An entity is not required to file a Utah return and issue a Utah K-1 if:

• it is not a pass-through entity taxpayer, and
• it maintains records that show each partner’s or member’s
share of income, losses, credits, and other distributive
items, and those records are made available to the Tax
Commission upon request.

If your entity issuing the K-1 is not required to file in Utah, they would not have issued a Utah K-1.

1 reply

FernAnswer
Employee
June 5, 2019
No, it is not the same form. You may not have received a Utah K-1.

An entity is not required to file a Utah return and issue a Utah K-1 if:

• it is not a pass-through entity taxpayer, and
• it maintains records that show each partner’s or member’s
share of income, losses, credits, and other distributive
items, and those records are made available to the Tax
Commission upon request.

If your entity issuing the K-1 is not required to file in Utah, they would not have issued a Utah K-1.