Below are my responses and some guidance links:
- Since the LLC was organized in Utah, you will be required to file a Utah TC-65 along with TC 20 Schedule J. The later is the apportionment schedule.
- Link for instructions http://www.tax.utah.gov/forms/current/tc-65inst.pdf
- In general, nonresident members of a Utah LLC are required to having a 5% withholding and this is remitted by the LLC. However, this is only a requirement on all Utah business
and nonbusiness income derived from or connected with Utah
sources and attributable to pass-through entity taxpayers. Since you indicate you have no Utah sourced income, then this should not be applicable. Your schedule J noted above should support this position.
- You will also be required to file an annual report. See this link https://secure.utah.gov/abr/abr
- You will also be required to file a Colorado form 106 https://www.colorado.gov/pacific/sites/default/files/106Book.pdf
- You will then use the information on the Schedule K-1 to complete your form 1040 Schedule E.
- Your Colorado income tax return will begin with your federal return information.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
