Click on description for additional information
| Tax Year | |||||
|---|---|---|---|---|---|
| 2008 | 2007 | 2006 | 2005 | Description | Code |
| X | X | X | X | Lump Sum Distribution | 51 |
| – | X | X | X | State Taxes Allocated from an Estate or Trust | 52 |
| X | X | X | X | Medical Savings Account (MSA) | 53 |
| X | X | X | X | Utah Educational Savings Plan (UESP) | 54 |
| X | X | X | X | Reimbursed Adoption Expenses | 55 |
| X | X | X | X | Child's Income Excluded from Parent's Return | 56 |
| X | X | X | X | Municipal Bond Interest | 57 |
| X | X | X | X | Untaxed Income of a Resident Trust | 60 |
| X | X | X | X | Untaxed Income of a Nonresident Trust | 61 |
| X | X | X | – | Equitable Adjustments | 69 |
If you received a lump sum distribution and filed federal form 4972, add any amount shown on federal form 4972 Part II, line 6 and Part III, line 10.
If you shared a lump sum distribution, multiply the amount on federal form 4972, line 10 by the distribution percentage shown on your form1099-R, box 9a. Then add the amount shown on federal form 4972 Part II, line 6.
Keep a copy of federal form 4972 and any 1099-R forms showing the distribution with your records.
Utah Residents Only
The account holder of an MSA should get a form TC-675M, Statement of Withholding for Utah Medical Savings Account, from the account administrator each year contributions are made. Add lines 8 and 9 from form TC-675M. Keep form TC-675M with your records.
An Utah Educational Savings Plan account holder (participant) should get a form TC-675H, Statement of Contribution for Utah Educational Savings Plan, from the UESP trustee. If you received a prior tax deduction on a refund amount, it must be added back to income. The principal amount refunded is shown in box 3 of form TC-675H.
Keep form TC-675H with your records. Contact UESP at 801-321-7188 or 1-800-418-2551 or visit www.uesp.org for more information.
Include any adoption expense deducted in a prior taxable year if you were reimbursed from your insurance company, a public welfare agency, or a private charitable organization in the current year.
If you report a child's interest and dividends on your federal return, you must add that income you excluded from the federal adjusted gross income to your Utah income. Use the following worksheet to calculate the amount.
| 1. | Add the child's taxable interest, ordinary dividends and capital gains distributions (federal form 8814, line 4). Enter that amount or $1,800 (whichever is less). | $ | |||
| 2. | Enter the federal amount not taxed. | $900 | |||
| 3. | Subtract line 2 from line 1. If less than zero, enter zero. Add this amount to Utah income. | $ | |||
Interest from certain bonds, notes, etc.(commonly known as municipal bonds) issued by non-federal government entities outside Utah are subject to Utah income tax if obtained after January 1, 2003. However, interest earned on non-Utah municipal bonds is not subject to Utah tax if the issuing state (or political subdivision) does not impose an income tax on bonds issued by Utah. Click here for information and a reciprocity list.
Include any distribution received by a resident beneficiary of a resident trust that was taxed at the trust level for federal tax purposes, but was subtracted from state taxable income of the trust.
Include any distribution received by a resident beneficiary of a nonresident trust that was taxed at the trust level for federal tax purposes, but was not taxed at the trust level by any state.
Enter any qualified equitable adjustment needed to prevent a double tax benefit or detriment. Attach a schedule or explanation of any equitable adjustments reported.
