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
Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®.
Not a subscriber? Sign up for a free trial or contact us for a representative.
