Form UT1 Individual Use Tax Return - Minnesota

What Is Form UT1?

This is a legal form that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form UT1?
A: Form UT1 is the Individual Use Tax Return specifically designed for residents of Minnesota.

Q: Who needs to file Form UT1?
A: Residents of Minnesota who made purchases from out-of-state sellers on which sales tax was not charged or paid need to file Form UT1.

Q: What is use tax?
A: Use tax is a tax imposed on the use, consumption, or storage of tangible personal property that is not subject to sales tax.

Q: What information do I need to complete Form UT1?
A: You will need information about your out-of-state purchases for which sales tax was not charged or paid.

Q: When is the deadline for filing Form UT1?
A: Form UT1 must be filed by the due date of your Minnesota income tax return, which is usually April 15th.

Q: What happens if I don't file Form UT1?
A: Failure to file Form UT1 and pay the required use tax may result in penalties and interest being assessed.

Q: Can I claim a credit for use tax paid to another state on Form UT1?
A: Yes, you can claim a credit for use tax paid to another state on Form UT1, if applicable.

Q: Is there a minimum threshold for reporting use tax on Form UT1?
A: No, there is no minimum threshold for reporting use tax on Form UT1. All eligible purchases must be reported.