2025 Ohio IT K-1 (Where to enter data on Ohio Individual Return)

[xkwzt21]

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.

[sjrcpa]

Don't the federal K-1 numbers flow to the OH return?

Then all you need to do is enter the PTE tax credit and the OH adjustment.

[xkwzt21]

So you are saying that it is only necessary to enter in the numbers in line 3 and 3a on the Ohio return?  If so, where do you put line 3 vs 3a?

[sjrcpa]

I don't use ProSeries but every software I have used puts the federal K-1 amounts on the resident state return automatically.

[xkwzt21]

Agreed, however, in this case the federal K-1 amounts flow to Ohio, but there is nowhere to enter the separate Ohio K-1 that was issued to the client that is different than the federal K-1.

[sjrcpa]

What's different? Only Line 3 and 3a which are state specific items.

[xkwzt21]

Actually, none of the numbers presented in my first post match what is on the Ohio IT K-1, most likely because the main company operates in multiple states and the partner gets a cut of the total which is represented on the federal K-1, and then the state specific info is shown on the Ohio IT K-1.  Maybe I am looking at this all wrong, but this is the first time I am seeing a federal and Ohio K-1.  Appreciate your thoughts so far, but still needing help to wrap up this Ohio return.  Thank you!