Mineral Production Withholding tax is an income tax prepayment related to the production or extraction of minerals in Utah. Mineral production withholding is reported on Form TC-675R or Federal Schedule K-1. The Utah amount withheld can be deducted as a credit on the Utah income tax return for the year it was withheld. Enter the mineral production withholding tax on TC-40W, Part 2 and carry the total to TC-40, line 35.
Do not send the TCD-675R or Schedule K-1 with your Utah return. Keep these forms in your files.
