2025 Ohio IT K-1 (Where to enter data on Ohio Individual Return)
Client received two federal K-1's (1065 and 1120-S) and then two Ohio IT K-1's tied to each of the federal forms. My question is, how do I enter the Ohio IT K-1's onto the Individual Ohio Return? Here are the numbers in each section, guidance on where each of these flow to is greatly appreciated.
Part III - Investor's/Owner's Ohio Depreciation Adjustments
1a. Current year bonus depreciation and 179 expense Total: 36 Ohio: 36
1b. Total deduction of prior year bonus depreciation and 179 expense Ohio add-backs Total/OH: 0
Part IV - Investor's/Owner's Share of Ohio Income
2a. Pass through entity income Total: - 5,000 Ohio: - 5,000
2b. Guaranteed payments Total: 150,000 Ohio: 150,000
2c. Net Ohio depreciation adj Total: 30 Ohio: 30
2d Total Taxable Income Total: 145,030 Ohio: 145,030
Part V - Investor's/Owner's Share of Ohio Tax Credits
3. Direct pass-through entity credit (Ohio tax paid by this entity after nonrefundable business credits and refunds) 12,484
3a. Total amount to be added back from direct tax paid on an IT 4738 (Line 1 of the EPTE add-back schedule) 11,424
No other lines are filled out. Appreciate your time and insight.
