Ohio Fiduciary Income Tax Return

Fiduciary Income Tax Return
Form IT 1041
Do not staple or paper clip.

2023 Ohio IT 1041

Fiduciary Income Tax Return

Rev. 08/08/23

23180102

Use only black ink and UPPERCASE letters. Use whole dollars only.

Check here if amended return

Check here if final return

Check here if federal extension filed

Check here if income
distributed to a beneficiary

SSN of decedent (estates only)

FEIN

Reporting Period Start Date

MM D D

Y Y

Reporting Period End Date

MM D D

Y Y

Name of trust or estate

Name of trust or estate (second line)

Fiduciary name and title

Address	

Check here if address changed

City

State

Foreign State Code

Country Code

Foreign country (if the mailing address is outside the U.S.)

Trust Must Select One
Simple trust

Do not staple or paper clip.

Foreign postal code

Trusts Select All That Apply
Complex trust

Trust Must Select One
Resident trust

ZIP code

Irrevocable trust

Testamentary trust

Estate Must Select One
Nonresident trust

Bankruptcy estate

Decedent’s estate

Check here if “qualifying pre-income tax
trust” (Attach letter of
exemption)

Schedule I – Taxable Income, Tax, Payments and Net Amount Due (If the amount on a line is negative, place a “–“ in the box provided.)
1.	 Federal taxable income (federal 1041, line 23).
	 Include page 1 of the federal 1041............................................................................ 	

............1.

2.	 Net Schedule II adjustments from line 42.................................................................... 	

............2.

3.	 Ohio taxable income (line 1 plus or minus line 2). Estates should skip to line 8.......... 	

............3.

4.	 Trusts - Qualifying Trust Amount (from line 61)............................................................ 	

............4.

5.	 Trusts - Apportioned Income (from line 64).................................................................. 	

............5.

6.	 Trusts - Modified nonbusiness income (from line 67)................................................... 	
............6.
7.	 Trusts - Modified Ohio Taxable Income
	 (sum of lines 4 through 6, if negative, enter zero)............................................................................ 7.
8.	 Tax liability on line 3 (estates) or line 7 (trusts). See instructions for tax tables............................... 8.
9.	 Estates - Credits from line 50...........................................................................................................9.

10.	Credits from Schedules IV, V, IX and E.......................................................................................... 10.
	

For Department Use Only
Do not write in this area; for department use only.
Postmark date

2023 IT 1041 – pg. 1
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Code

2023 Ohio IT 1041
FEIN

Rev. 08/08/23

23180202

11.	Tax liability after nonrefundable credits (line 8 minus lines 9 and 10)............................................11.
12.	Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210).............................12.
13.	Total Ohio tax liability (add lines 11 and 12)...................................................................................13.
14.	Net payments from line 80..............................................................................................................14.
15.	Refundable business credits from line 87 (include documentation / certificates)...........................15.
16.	Total payments and refundable business credits (add lines 14 and 15).........................................16.
17.	Overpayment (if line 16 is more than 13, subtract 13 from 16, if negative,
	 enter zero and skip to line 20)........................................................................................................17.
18. Amount of line 17 to be credited toward next year’s liability. (if this is an
	 amended return, enter zero)........................................................ CREDIT CARRYFORWARD18.
19.	Amount of line 17 to be refunded (subtract line 18 from line 17)................................ REFUND19.
20.	Tax due, if any (if line 13 is more than line 16, subtract line 16 from line 13,
	 if negative, enter zero)....................................................................................................................20.
21.	Interest due on late payment of tax (see instructions)....................................................................21.
22.	Total amount due (add lines 20 and 21). Make check payable to Ohio Treasurer of State,
	 include Ohio IT 1041 UPC and write FEIN on check.........................................AMOUNT DUE22.
	

If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary.

Sign Here (required): I have read this return. Under penalties of perjury, I declare that, to
the best of my knowledge and belief, the return and all enclosures are true, correct and complete.
Signature of fiduciary or trust officer 	

Preparer’s name (print)

Title	

Preparer’s address (include ZIP code)

Date (MM/DD/YY)	

Fiduciary’s or trust officer’s phone number	

Preparer’s phone number

Preparer’s e-mail address		

PTIN

Do not staple or paper clip.
Place any supporting documents, including
Ohio IT K-1s, after the last page of this return.

Mail to:
Ohio Department of Taxation
P.O. Box 2619
Columbus, OH 43216-2619

P

Instructions for this form are on
our website at tax.ohio.gov.

Check here to authorize your preparer to discuss this return with the Department
Schedule II – Adjustments to Federal Taxable Income
Additions (Add the following if not included on the Ohio IT 1041, line 1)
23.	Federal and/or non-Ohio state or local government interest and dividends not distributed...........23.
24.	Pass-through entity taxes paid/electing pass-through entity taxes paid.........................................24.
24a.Taxes paid to another state or District of Columbia related to IRS notice 2020-75.....................24a.
25.	Income from an electing small business trust (ESBT) not shown in federal taxable
	 income (include documentation).....................................................................................................25.
26.	Losses from sale or disposition of Ohio public obligations.............................................................26.
27.	Reimbursement of expenses previously deducted on an Ohio IT 1041 tax return.........................27.
28.	Reserved........................................................................................................................................28.
29.	Federal personal exemption (estates only) and federal conformity additions........................................29.
30.	Expenses claimed on Ohio estate return (estates only).................................................................30.
31.	Total additions (add lines 23 through 30)........................................................................................31.

Do not write in this area; for department use only.

2023 IT 1041 – pg. 2 of 8

2023 Ohio IT 1041
Rev. 08/08/23

23180302

FEIN

If the amount on a line is negative, place a “–” in the box provided.
Schedule II – Adjustments to Federal Taxable Income...continued.
Deductions – Note: Deduct income items described below only to the extent that those amounts are not
already deducted or excluded from federal taxable income after distributions.
32.	Federal interest and dividends exempt from state taxation............................................................32.
33.	Certain municipal and state income tax overpayments..................................................................33.
34.	Losses from an ESBT not shown in federal taxable income (include documentation)...................34.
35.	Wages and expense not deducted based on the federal work opportunity tax credit....................35.
36.	Interest income from Ohio public obligations and purchase obligations;
	 gains from the sale or other disposition of Ohio public obligations.................................................36.
37.	Refunds or reimbursements of prior year federal itemized deductions and any federal
	 conformity deductions.....................................................................................................................37.
38.	Farm income from a farm of at least 10 acres (trusts only)............................................................38.
39.	Deductions for prior year IRC §168(k) bonus depreciation and §179 expense add-backs............39.
40.	Repayment of income reported in a prior year...............................................................................40.
41.	Total deductions (add lines 32 through 40).....................................................................................41.
42.	Net adjustments (line 31 minus line 41). Enter here and on line 2............................... 	

...........42.

Schedule III – Estate Credits
43.	Retirement income credit (see instructions for credit table) (limit – $200)......................................43.
44.	Lump sum retirement credit (see instructions for worksheet; include a copy)................................44.
45.	Senior citizen credit (limit – $50 per return)....................................................................................45.
46.	Lump sum distribution credit (see instructions for worksheet; include a copy)...............................46.
47.	Child and dependent care credit (see instructions and worksheet in Ohio IT 1041 booklet)..........47.
48.	Campaign contribution credit for Ohio statewide office or General Assembly................................48.
48a. Scholarship donations credit......................................................................................................48a.
49.	Credit for work-based learning experiences (include a copy of the credit certificate)
	 and/or Ohio adoption credit carryforward.......................................................................................49.
50.	Total estate credits (add lines 43 through 49) – enter here and on line 9.......................................50.
Schedule IV – Estate Resident Credit
51.	Portion of Ohio taxable income (line 3) subjected to tax by another state or the
	 District of Columbia while you were an Ohio resident (include Ohio IT RCTE)............ 	

...........51.

52.	Ohio taxable income (line 3)......................................................................................... 	
...........52.
53.	Divide line 51 by line 52 and enter percentage here
%. Multiply this percentage
	 by the amount shown on line 8 reduced by any amount shown on line 9......................................53.
54.	2023 income tax liability after credits paid to another state or the District of Columbia.................54.
55.	Enter the smaller of line 53 or line 54. This is your Ohio resident tax credit. Enter here
	 and on line 10.................................................................................................................................55.

Do not write in this area; for department use only.

2023 IT 1041 – pg. 3
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2023 Ohio IT 1041
Rev. 08/08/23

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FEIN

If the amount on a line is negative, place a “–” in the box provided.
Schedule V – Estate Nonresident Credit
56.	Nonresident portion of Ohio taxable income- Ohio IT NRCE,
	 Section B, line 15 (include a copy)................................................................................ 	

...........56.

57.	Ohio taxable income (line 3)......................................................................................... 	 ...........57.
58.	Divide line 56 by line 57 and enter percentage here                        %. Multiply this percentage by
	 the amount shown on line 8 less line 9 and total Ohio Schedule E nonrefundable credits.
	 Enter here and on line 10.................................................................................................................58.
Schedule VI – Qualifying Trust Amounts
59.	Certain capital gains/ losses included in the Ohio taxable income (line 3) of a trust
	 (see instructions)........................................................................................................... 	

...........59.

.

60.	Ratio of the qualifying investees’ physical assets in Ohio to its total physical assets.....................60.
61.	Qualifying Trust Amount (line 59 times line 60). Enter here and on line 4.................... 	

...........61.

Schedule VII – Trust Apportioned Income
62.	Portion of Ohio taxable income (line 3) less amounts included on line 59, that is
	 business income or qualifying investment income........................................................	

..........62.

63.	Ohio apportionment ratio from line 78.............................................................................................63.
64.	Trust’s Apportioned Income (line 62 times line 63). Enter here and on line 5............... 	

.

.........64.

Schedule VIII – Modified Nonbusiness Income for Trusts
Income/ Loss from a pass-through entity should generally be reported on Schedule VII.
65.	Resident trusts: Trust’s portion of Ohio taxable income (line 3) not reported
	 on lines 59 or 62........................................................................................................... 	

...........65.

66.	Nonresident trusts: Portion of Ohio taxable income (line 3) not reported on lines
	 59 or 62 that was derived from Ohio real or tangible property or is apportioned
	 to Ohio under R.C. 5747.212 (see instructions)............................................................ 	

...........66.

67.	Modified Nonbusiness Income (line 65 plus line 66). Enter here and on line 6............ 	

...........67.

Schedule IX – Trust Resident Credit (include the Ohio IT RCTE)
68.	Portion of line 65 subject to tax in another state or the District of Columbia................. 	

..........68.

69.	Tax liability on modified taxable income (from line 8)......................................................................69.
70.	Modified Ohio taxable income from line 7.......................................................................................70.
71.	Effective Tax Rate (line 69 divided by line 70)................................................................................71.

.

72.	Line 68 times line 71..................................................................................................... 	
...........72.
73.	Taxes paid on the trust’s modified nonbusiness income to another state or the
	 District of Columbia.........................................................................................................................73.
74.	Trust’s resident credit (lesser of line 72 or 73)................................................................................74.

Do not write in this area; for department use only.

2023 IT 1041 – pg. 4
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2023 Ohio IT 1041
Rev. 08/08/23

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FEIN

Schedule X – Apportionment Worksheet
Use this schedule to calculate the apportionment ratio for the trust’s modified business income and qualifying investment income.
Note: Carry all ratios to six decimal places.
Total Everywhere
Within Ohio
7
	 5.	Property
		a) Owned (original cost)
	
		b) Rented (annual rental X 8)

Within Ohio

Total Everywhere

Within Ohio

Total Everywhere

÷

	 	c) Total (lines 75a and 75b)         

=

Ratio

Weight

.

Weighted Ratio

x	=
.

.
Total Everywhere

Within Ohio

÷

7
	 6. 	Payroll

=

Ratio

Weight

.

Weighted Ratio

x	=
.

.
Total Everywhere

Within Ohio

÷

7
	 7. 	Sales

=

Ratio

.

Weight

x	=
.

7
	 8. 	Ohio apportionment ratio (add weighted ratio from lines 75c, 76 and 77). Enter ratio here and
		 on line 63 (carry to six decimal places).......................................................................................78.

Weighted Ratio

.
.

Note: If the “Total Everywhere” of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the
combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%.
Schedule XI – Net Payment Worksheet – Include 1099(s) and W-2(s)
	79a.	Estimated payments                                 	 79b. 1099 withholdings	

79c. W-2 withholdings

	79d.	Prior year credit carryover	
79e. Refunds previously claimed	
80. Net payments (add lines 79a-d minus line 79e). 	
							 Enter here and on page 2, line 14.

Schedule XII – Refundable Business Credits
Note: Certificates from the Ohio Department of Development and/or Ohio K-1s must be included to verify each refundable credit claimed.
	81.	Motion picture / Broadway credit	

82.	JCTC / JRTC		

	 84.	Venture capital credit 	
85.	Ohio historic preservation credit	
				

83.	 Pass-through entity credit

86.	Reserved

	 87.	Total refundable business credits (add lines 81-86). Enter here and on line 15.

Do not write in this area; for department use only.

2023 IT 1041 – pg. 5
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2023 Ohio IT 1041
Rev. 08/08/23

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FEIN

Schedule XIII – IRC §168(k) Bonus Depreciation and §179 Expense Add-back Schedule

		

88. Reserved........................................................................................................................................88.
89. Prior years add-back amount and applicable add-back ratio
Column (A) – Amount

Column (B) – Ratio

	
	

89a. Year Prior.................................................. 89a.

2/3

5/6

6/6

	

89b. 2 Years Prior.............................................. 89b.

2/3

5/6

6/6

	
	
	

89c. 3 Years Prior.............................................. 89c.

	
	

89d. 4 Years Prior.............................................. 89d.

	

89e. 5 Years Prior.............................................. 89e.

				
	2/3
5/6
6/6
			
	
2/3
5/6
6/6
		

2/3
						
5/6
6/6
				

Schedule XIV – Beneficiary Schedule
Provide beneficiary information for all beneficiaries of the estate or trust. Use an additional sheet, if necessary.
SSN

Amount distributed

FEIN

First name / entity

M.I.

Last name

Address
City

SSN

State

Amount distributed

FEIN

First name / entity

ZIP code

M.I.

Last name

Address
City

SSN

First name / entity

State

ZIP code

Amount distributed

FEIN

M.I.

Last name

Address
City

State

ZIP code

Do not write in this area; for department use only.

2023 IT 1041 – pg. 6
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2023 Ohio IT 1041
FEIN

23180702

Rev. 08/08/23

Schedule XIV – Beneficiary Schedule

Provide beneficiary information for all (resident and nonresident) beneficiaries in the estate or trust. Use an additional sheet, if necessary.
SSN
Amount distributed
FEIN

First name / entity

M.I.

Last name

Address
City

SSN

State

Amount distributed

FEIN

First name / entity

ZIP code

M.I.

Last name

Address
City

SSN

State

Amount distributed

FEIN

First name / entity

ZIP code

M.I.

Last name

Address
City

SSN

State

Amount distributed

FEIN

First name / entity

ZIP code

M.I.

Last name

Address
City

SSN

First name / entity

State

ZIP code

Amount distributed

FEIN

M.I.

Last name

Address
City

State

ZIP code

2023 IT 1041 – pg. 7
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2023 Ohio IT 1041
FEIN

23180802

Rev. 08/08/23

Schedule XIV – Beneficiary Schedule

Provide beneficiary information for all (resident and nonresident) beneficiaries in the estate or trust. Use an additional sheet, if necessary.
SSN
Amount distributed
FEIN

First name / entity

M.I.

Last name

Address
City

SSN

State

Amount distributed

FEIN

First name / entity

ZIP code

M.I.

Last name

Address
City

SSN

State

Amount distributed

FEIN

First name / entity

ZIP code

M.I.

Last name

Address
City

SSN

State

Amount distributed

FEIN

First name / entity

ZIP code

M.I.

Last name

Address
City

SSN

First name / entity

State

ZIP code

Amount distributed

FEIN

M.I.

Last name

Address
City

State

ZIP code

2023 IT 1041 – pg. 8
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