Idaho has adopted a temporary rule that addresses how pass-through entity owners and beneficiaries should report IRC Sec. 965 income on the Idaho income tax return.
Pass-Through Entity Treatment of IRC Sec. 965 Deemed Repatriation Income
IRC Secs. 965(b) and 965(c) dividend deductions or adjustments passed though from the pass-through entity to the owner in the distributive share may be deducted when calculating Idaho taxable income.
Temporary Administrative Rule 35.01.01.291T, Idaho State Tax Commission, effective January 1, 2018