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Level 2
December 7, 2019
Solved

On a return with K-1 from an S-Corp and ownership of 20% or more in Ohio indicated why won't the w2 wages flow to form IT Bus Ohio form line 5?

  • December 7, 2019
  • 1 reply
  • 6 views

Taxpayer is a more than 20% owner in an Ohio S-Corporation.

Taxpayer has a k1 and a w2 from the S-Corporation.

The wages the taxpayer receives from the S-Corporation are linked to the k1 and marked for % of ownership.

The wages should flow through to the adjustment line 5 of Ohio form IT Bus.

They don't they have to be manually entered. 

This topic has been closed for replies.
Best answer by sjrcpa

Probably for the same reason they don't flow to the IT4708. They just don't and Lacerte apparently doesn't think there is anything wrong with this.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Probably for the same reason they don't flow to the IT4708. They just don't and Lacerte apparently doesn't think there is anything wrong with this.

The more I know the more I don’t know.