Ohio Form K-1

Form K-1
Form IT K-1
Do not staple or paper clip.

2 0

Ohio IT K-1

Rev. 10/25/23

10211411

Use only black ink and UPPERCASE letters.
Part I - Investor / Owner / Beneficiary and Entity Information
For calendar year 20

or taxable year beginning

Pass-through entity / Fiduciary filing:

IT 1140

Amended K-1

and ending
IT 4708

IT 4738

Other

Investor’s / owner’s / beneficiary’s SSN / FEIN

Entity FEIN

NAICS code

Investor’s / owner’s / beneficiary’s name and address	

Entity name and address	

Entity type

Country Code

Foreign State Code

Country Code

Foreign State Code

Ownership %	
Beginning 	
Ending
	
Profit-sharing............ 	%	

%

Apportionment Ratio	
Within Ohio 	
Total Everywhere
	
/
Property............................. 		

Loss-sharing............. 	%	

%

/
Payroll............................... 		

Ownership of capital.	%	

%

/
Sales................................. 		

Beneficiary’s income distribution % (trust/estates only)	

%

Total apportionment ratio.......................	

Part II - Investor’s / Owner’s / Beneficiary’s Ohio Depreciation Adjustments
	
1a. Current year IRC §168(k) bonus depreciation & §179 expense (fraction used __/__)..................... 1a.
	 b. Total deduction of prior year IRC §168(k) bonus depreciation & §179 expense Ohio add-backs.... 1b.

Total	

Ohio

Prior year Ohio add-backs and related year deduction
Year and add	20	
back fraction

/

	20	

/

	20	

/

	20	

/

	20	

/

	20	

Add-back
amount
Related
deduction

Part III - Investor’s / Owner’s / Beneficiary’s Share of Ohio Income	
2a.	Pass-through entity / electing pass-through entity / trust & estate income........................................ 2a.

Total	

b.	Guaranteed payments or compensation (20% or greater investors only)............................................ b.
c.	 Net Ohio depreciation adjustment........................................................................................................ c.
d.	Total taxable income (sum of 2a through 2c for each column)............................................................. d.
Part IV - Investor’s / Owner’s / Beneficiary’s Share of Ohio Tax Credits
3.	 Direct pass-through entity credit (Ohio tax paid by this entity after nonrefundable business credits and refunds)..................... 3.
3a.	Total amount to be added back from direct tax paid on an IT 4738 (Line 1 of the EPTE Add-back Schedule)......................... 3a.
3b.	Total amount to be added back from direct entity tax paid to other states (Line 1 of the EPTE Add-back Schedule).............. 3b.
4.	 Indirect pass-through entity credits or withholding (attach IT K-1/W2/1099)............................................................................... 4.
	
	 Include the FEIN for any indirect pass-through entities
4a.	Total amount to be added back from indirect tax paid on an IT 4738 (Line 2 of the EPTE Add-back Schedule)...................... 4a.
4b.	Total amount to be added back from indirect entity tax paid to other states (Line 2 of the EPTE Add-back Schedule)............ 4b.
5.	 Refundable job creation credit & job retention credit (include certificates) - % of credit claimed
6.	 Refundable Ohio historic preservation credit (include certificates) - % of credit claimed	

%............................. 5.
%......................................... 6.

7.	 Venture capital credit (include certificates).................................................................................................................................. 7.
8.	 Motion picture & Broadway theatrical production credit (include certificates) - % of credit claimed

%........................ 8.

9.	 Nonrefundable business credits (include certificates)................................................................................................................. 9.
	 List the specific credit
Part V - Supplemental Information

1

Ohio

/

Ohio IT K-1 EPTE Add-back Schedule
10211411

Attach this schedule to the Ohio IT K-1 to report the tax paid by this entity or by an electing pass-through entity directly or indirectly owned
by this entity on the Ohio IT 4738, Electing Pass-Through Entity Income Tax Return and/or on another states entity income tax return. Include the electing pass-through entity tax paid (IT 4738 payments submitted) and income tax paid to other states in this schedule if it was
included as a specified income tax payment and reflected in the partner’s or shareholder’s distributive or pro-rata share of non-separately
stated income or loss reported on IRS Schedule K-1 or a similar form pursuant to IRS Notice 2020-75 or any similar guidance issued by
the Internal Revenue Service.
An individual taxpayer is required to add back their proportionate share of IT 4738 and other states entity taxes paid on the IT 1040, Ohio
Schedule of Adjustments, if not included in federal or Ohio adjusted gross income. A trust or estate is required to add back its proportionate share of IT 4738 and other states entity taxes paid on the IT 1041, Schedule II, if not included in federal or Ohio taxable income.
Reporting this information to your partners or shareholders will assist in the proper determination of the add-back.
See R.C. 5747.01(A)(36), (A)(41), (S)(15), and (S)(16).
Line 1: Ohio IT 4738 and other states specified income tax payments reported by this entity for federal income tax purposes:
FEIN:	

Direct IT 4738 Tax Paid:
Enter on line 3a of the Ohio IT K-1

	
	

Direct Tax Paid to Other States:
Enter on line 3b of the Ohio IT K-1

Line 2: Ohio IT 4738 and other states specified income tax payments reported by an entity directly or indirectly owned by this entity for
federal income tax purposes:
FEIN:	
	
FEIN:	
	
FEIN:	
	
FEIN:	
	
FEIN:	
	
	

Indirect Tax Paid:
Indirect Tax Paid to Other States:
Indirect Tax Paid:
Indirect Tax Paid to Other States:
Indirect Tax Paid:
Indirect Tax Paid to Other States:
Indirect Tax Paid:
Indirect Tax Paid to Other States:
Indirect Tax Paid:
Indirect Tax Paid to Other States:
Total Indirect IT 4738 Tax Paid:
Enter on line 4a of the Ohio IT K-1

	

Total Indirect Tax Paid to Other States:
Enter on line 4b of the Ohio IT K-1

Line 3: Ohio IT 4738 and other states specified income tax payments reported by this entity for federal income tax purposes:
	

Total IT 4738 Tax Paid:

Line 4: Other states specified income tax payments reported by this entity or an entity directly or indirectly owned by this entity for federal income tax purposes:
	

Total Tax Paid to Other States:
2

Preparers completing the IT K-1: use the instructions below.
Investors receiving an IT K-1: use the instructions beginning on page 6.
Instructions for Completing the IT K-1
A PTE, EPTE, or fiduciary should issue the IT K-1 to each investor, owner, or beneficiary that receives income,
adjustments, and/or credits.
Use the IT K-1 to report the proportionate or distributive share of income, adjustments, and/or credits for
any investor, owner, or beneficiary.

or Schedule X of the IT 1041.
If the PTE, EPTE, or fiduciary is not filing an Ohio
return, use the worksheet below to calculate Ohio
property, payroll and sales and the Ohio apportionment ratio. Use Ohio property and payroll, each
weighted at 20%, and Ohio sales, weighted at 60%,
versus property, payroll, and sales everywhere. If any
factor’s “total everywhere” is zero, the weights of the
remaining factors must be proportionately increased
so that the total remains 100%. Report the apportionment ratio to six (6) decimal places. For detailed
instructions on calculating the Ohio apportionment
ratio, see the instructions for the IT 4708, IT 4738, IT
1140, or IT 1041.

Provide a copy to each investor, owner, or beneficiary and include copies of each IT K-1 when filing the
IT 1140, IT 4708, IT 4738, or IT 1041. The IT K-1 can be
issued for any tax year, even when the PTE, EPTE, or
fiduciary is not required to file a return.
See tax.ohio.gov to obtain a copy of the form and for
FAQs (in the “Pass-Through Entities - OH IT K-1” topic).
Part I – Investor / Owner / Beneficiary
and Entity Information
Enter the calendar year or a fiscal year period used
on the entity’s federal return.

Important: If the PTE/EPTE is an investor/owner in
another PTE(s), it must combine its property, payroll
and sales amounts with the amounts reported on
any IT K-1 it receives.

Check the box to indicate which Ohio return the PTE,
EPTE, or trust is filing. If the PTE, EPTE, or trust does
not file the IT 1140, IT 4738, or IT 4708, check “Other.”
Additionally, check the box to indicate an amended
IT K-1, if applicable.

See R.C. 5747.21, 5747.231, and 5733.05(B)(2).
Part II – Investor’s / Owner’s / Beneficiary’s
Depreciation Adjustments

Investor / Beneficiary Information

Line 1a - Current Year 168(k) and 179 Depreciation
Expense Ohio Add-Back

Use the same investor/owner/beneficiary information
reported on the federal K-1. Enter the full SSN or FEIN
on the copy of the IT K-1 provided to the Department.

Enter the add-back fraction that was checked on the
Ohio return.

Ownership %

Total Column: Enter the investor’s/owner’s/beneficiary’s proportionate or distributive share of the current year 168(k) and 179 depreciation expense addback reported on:
●	 IT 1140 - Schedule II, (A) or (B);
●	 IT 4738 - Schedule II;
●	 IT 4708 - Schedule II; OR
●	 IT 1041 - Schedule II; Note: For taxable years
ending on or after October 3, 2023, do not
enter any amount on line 1a for the IT 1041.

PTEs/EPTEs: Enter the same investor/owner ownership information reported on the federal K-1 for the
tax year.
Fiduciaries: Enter the percentage of income distributed to the beneficiary during the tax year.
Entity Information
Use the same entity information reported on the federal K-1. Enter the full FEIN on the copy of the IT K-1
provided to the Department.

Ohio Column: Multiply the amount in the “Total” column by the apportionment ratio on the IT K-1.

Entity type: Enter the entity type reported on the IT
1140, IT 4708, or IT 4738. If the PTE, EPTE, or fiduciary
does not file an Ohio return, enter one of the following: S-corporation, limited liability company, partnership, trust, or other.

See R.C. 5733.40(A)(5) and 5747.01(A)(18).
Line 1b – Total Deduction of Prior Year 168(k) and
179 Depreciation Expense Ohio Add-Backs

Apportionment Ratio

Complete the worksheet below line 1b to calculate
these amounts. Only report prior-year depreciation add-backs for years that (1) the person was
an investor, owner, or beneficiary, and (2) the PTE,
EPTE or fiduciary filed an Ohio return.

If the PTE, EPTE, or fiduciary is filing an Ohio return,
enter the apportionment information from Schedule
IV of the IT 4708 or IT 4738, Schedule III of the IT 1140
3

Example: ABC LLC has operated in Ohio for 10 years. It
filed an Ohio PTE/EPTE return and reported depreciation add-backs in each year. Joe has been an investor/
owner in ABC LLC for 2 years. When completing the
worksheet on Joe’s IT K-1, ABC LLC will only include
depreciation add-back amounts for the prior year. It
will not include depreciation add-back amounts for
years prior to Joe becoming an investor/owner.

Ohio Column: Multiply the amount of business income
from the “Total” column by the apportionment ratio
on the IT K-1 and/or enter the distributive share of any
non-apportioned amounts allocated to Ohio.
See R.C. 5733.40(A), 5747.08(D) and 5747.40 through
5747.43.
Line 2b - Guaranteed Payments and/or Compensation (20% or Greater Investors Only)

Add-back amount: Enter the investor’s/owner’s/beneficiary’s proportionate or distributive share of the
add-back for the year entered at the top of the column.

Total Column: If, at any time during the tax year, the
investor held at least a 20% interest in the profits or
capital of the entity, enter total guaranteed payments
(reported in box 4 of a federal K-1) or compensation
(reported in box 1 of a W-2) paid to the investor.

Related deduction: Using the chart below, multiply
the add-back amount by the appropriate deduction
fraction.
Add-back fraction

Deduction fraction

5/6

1/5

2/3

1/2

6/6

1/6

Important: Enter these amounts even if the investor is a resident of Indiana, Kentucky, West Virginia,
Michigan or Pennsylvania.
Ohio Column: Multiply the amount in the “Total” column by the apportionment ratio on the IT K-1.
See R.C. 5733.40(A)(7).

Total Column: Add all the “related deduction”
amounts from the prior-year worksheet.

Line 2c - Net Depreciation Adjustment
For each column, line 1a minus line 1b.

Ohio Column: Multiply the amount in the “Total”
column by the apportionment ratio on the IT K-1.

Line 2d – Total Taxable Income

See R.C. 5733.40(A)(5) and 5747.01(A)(18).

For each column, enter the sum of lines 2a through 2c.

Part III - Investor’s / Owner’s / Beneficiary’s
Ohio Income

Part IV – Investor’s / Owner’s / Beneficiary’s
Share of Tax Credits

Line 2a - PTE / EPTE / Trust & Estate Income

Line 3 – Direct PTE Credit (tax paid by this entity
after any refunds)

Total Column: Enter the investor’s/beneficiary’s
proportionate or distributive share of the income
reported on the Ohio return as follows:

Enter the investor’s/owner’s/beneficiary’s proportionate or distributive share of the tax paid and not otherwise refunded to the PTE:

●	 IT 4708 – The “income to be allocated or apportioned” from Schedule I, excluding Internal
Revenue Code 168(k) and 179 depreciation
expense adjustments, and guaranteed payments and compensation reported on Schedules II and III.
●	 IT 1140 (PTEs only) – The “sum of distributive
shares” plus any “related member” adjustments from Schedule II.
●	 IT 4738 – The “net apportionable business
income” from Schedule I, excluding Internal
Revenue Code 168(k) and 179 depreciation
expense adjustments, and guaranteed payments and compensation reported on Schedules II and III.
●	 IT 1140 (Trusts only) – The “sum of all distributions” from Schedule IV.

●	 IT 4708 – “Tax liability after nonrefundable
business credits” from Schedule I;
●	 IT 4738 – “Tax liability” from Schedule I;
●	 IT 1140 – “Tax Liability from line 20, columns A
and B or line 30” from Schedule I.
Line 3a - Total Amount to be Added Back from
Direct Tax Paid on an IT 4738
Enter the total direct IT 4738 tax paid amount reported
on line 1 of the Ohio IT K-1 EPTE Add-back Schedule.
Line 3b - Total Amount to be Added Back from
Direct Entity Income Tax Paid to Other States
Enter the total direct tax paid to other states
amount reported on line 1 of the Ohio IT K-1 EPTE
Add-back Schedule.

For the specific lines related to these amounts, see the
IT 4708, IT 4738, or IT 1140 for the applicable tax year.
4

Line 4 – Total Indirect PTE Credit for PTE Taxes
Paid

Lines 5-8, Refundable Business Credits
Each investor or beneficiary is entitled to its proportionate or distributive share of direct and indirect
refundable business credits from the PTE, EPTE, or
fiduciary. The credits are not available to an investor or beneficiary if the PTE, EPTE, or fiduciary claims
the credit when calculating its Ohio income tax. Provide each investor or beneficiary with a copy of the
credit certificate.

Enter the investors/owner’s/beneficiary’s proportionate or distributive share of taxes paid by another
PTE/EPTE on behalf of this PTE/EPTE/fiduciary entity.
Enter the FEIN of each PTE tier to the PTE that paid the
tax (attach a schedule or flowchart, if necessary).
Also enter any tax withheld on a W-2 and/or 1099.
Provide each investor, owner, or beneficiary with
a copy of the IT K-1, W-2, and/or 1099 form. Enter
the FEIN for each PTE/EPTE that withheld tax in the
space provided. Note: Exclude PTE credit amounts
included as a direct PTE credit amount on line 3.

Line 9 – Nonrefundable Business Credits
Each investor, owner, or beneficiary is entitled to its
proportionate or distributive share of direct and indirect nonrefundable business credits from the PTE,
EPTE, or fiduciary. Provide each investor, owner, or
beneficiary with a copy of the credit certificate.

Line 4a - Total Amount to be Added Back from
Indirect Tax Paid on an IT 4738
Enter the total from line 2, total indirect IT 4738
tax paid of the Ohio IT K-1 EPTE Add-back Schedule, “Ohio IT 4738 specified income tax payments
reported by an entity directly or indirectly owned by
this entity for federal income tax purposes” section,
to the extent not included in federal or Ohio adjusted gross income or in federal taxable income (trusts/
estates).

Part V - Supplemental Information
Use this section to substantiate any applicable inconsistencies or discrepancies on this form as compared
to federal Schedule K-1. Report any Ohio financial
institutions tax (FIT) credit (for tax years 2019 and
prior).
The Ohio IT K-1 is issued by a PTE, EPTE, or fiduciary
to its investors, owners,or beneficiaries (individuals,
trusts, estates, PTEs, or EPTEs). It contains the investor’s, owner’s, or beneficiary’s distributive share of
income, adjustments, and/or credits.

Line 4b - Total Amount to be Added Back from
Indirect Entity Income Tax Paid to Other States
Enter the total from line 2, total indirect tax paid to
other states, of the Ohio IT K-1 EPTE Add-back Schedule, “other states entity income tax reported by an
entity directly or indirectly owned by this entity for
federal income tax purposes” section, to the extent
not included in federal or Ohio adjusted gross income
or in federal taxable income (trusts/estates).

The IT K-1 is commonly used by:
●	 Individuals filing an IT 1040 and claiming the
nonresident credit (using form IT NRC), or
refundable / nonrefundable business credits
(including the pass-through entity credit) on
the Ohio Schedule of Credits;
●	 PTEs and fiduciaries claiming refundable /
nonrefundable business credits on the IT 4708
and/or IT 1041.

Ohio Apportionment Ratio Worksheet

5

IT K-1 Investor / Owner / Beneficiary Instructions
For use by a recipient of an IT K-1 when completing the IT 1040, IT 1041, IT 4738, IT 4708, and/or IT 1140.

Investors claiming any of the above credits should
include a copy of the IT K-1 when filing their return.
Part I – Investor / Owner / Beneficiary and Entity
Information

Note (trusts only): If a trust retains 100% of its
earnings, then this amount should be reported
on its IT 1041. However, if a trust distributes
100% of its earnings, then this amount should be
reported to its beneficiaries on an IT K-1. If a trust
retains only a portion of its earnings, the trust will
split this amount between its IT 1041 and the IT K-1s
it issues to its beneficiaries.

Tax year: If the PTE, EPTE, or fiduciary completing
the IT K-1 files on a calendar year basis, the investor/
owner should use the IT K-1 for the same calendar
year. If the PTE, EPTE, or fiduciary files on a fiscal
year basis, the investor should use the IT K-1 for the
return year that includes the fiscal year’s ending
date.

Exception: If an investor/owner owns less than
5% of this PTE, the investor is not required to add
back this amount.

Entity FEIN: Individuals must report the entity’s
FEIN on:
●	 Form IT NRC, Section II; AND/OR
●	 Ohio Schedule of Business Income, part 4.

Line 1b – Deduction of Prior-Year Depreciation
Add-Backs
If the IT K-1 reports an amount on this line:
Individuals: Generally there will be a deduction of
prior year IRC 168(k) and 179 depreciation expense
add-back on the Ohio Schedule of Adjustments,
provided the individual made the add-back on their
own return.

PTEs and fiduciaries are not required to report this
number when completing the IT 4738, IT 4708, IT
1140, or the IT 1041.
Apportionment %: The investor/owner/beneficiary
must include these amounts in the “Within Ohio”
portion and the “Total Everywhere” portion of the
property, payroll, and sales factor calculations on:
●	
●	
●	
●	
●	
●	

●	 IT 1040, Schedule of Adjustments
Note: Pursuant to R.C. 5747.01(A)(18), the individual’s add-back is not transferable to the entity;
thus, the Department will disallow any attempt by
the entity to report a deduction based on the individual’s IT 1040 add-back.

Form IT NRC, Section III, Part A;
Form IT NRCE Section III, Part A;
IT 4738, Schedule IV;
IT 4708, Schedule IV;
IT 1140, Schedule III; OR
IT 1041 Schedule X.

PTEs, EPTEs, and fiduciaries: PTEs and fiduciaries
should add the total amount to the applicable line
if the corresponding add-backs were made on the
prior years’ returns:

Note: If the PTE, EPTE, or fiduciary has received
multiple IT K-1s, it must aggregate the apportionment information from each IT K-1 when completing
the IT 4738, IT 4708, IT 1140, and/or IT 1041.

●	
●	
●	
●	

Note: Certain individuals may not be required to
complete Form IT NRC, Section III. See the instructions for the IT NRC.

IT 4708, Schedule III;
IT 4738, Schedule III;
IT 1140, Schedule II, columns A and/or B; OR
IT 1041, Schedule II.

Note: Add-back and deduction adjustments are
reported on separate lines on the IT 1040, IT 4738,
IT 4708, IT 1140 and IT 1041. Do not net these
amounts.

Part II - Investor’s / Owner’s / Beneficiary’s Ohio
Depreciation Adjustments
Line 1a – Current Year Depreciation Add-Back

Part III - Investor’s / Owner’s / Beneficiary’s
Ohio Income

If the IT K-1 reports an amount on this line:
Individuals: Generally there will be an IRC 168(k)
and 179 depreciation expense add-back on the Ohio
Schedule of Adjustments.

Line 2a –PTE / EPTE / Trust & Estate Income
This is the total and Ohio portion of this PTE’s,
EPTE’s, or fiduciary’s income.

PTEs, EPTEs, and fiduciaries: PTEs and fiduciaries
should add the total amount to Schedule II of the IT
4738, IT 4708, IT 1140, and/or IT 1041. For taxable
years ending on or after October 3, 2023, the depreciation add-back is no longer required on the IT 1041.

Individuals: Add the Ohio portion of this line to the
Ohio portion of line 2b and report the total on the
IT NRC in Section II, Column C, “Ohio Apportioned
Income”.
6

PTEs: Do not report these amounts when completing the IT 4708 or IT 1140.

this entity’s behalf (the “indirect pass-through entity”
credit). These credits can only be claimed on the IT
1040, IT 4708, and IT 1041; they cannot be claimed on
the IT 4738 or IT 1140. Add lines 3 and 4 together and
report the total on the “pass-through entity credit”
line of one of the following:

EPTEs: Do not report these amounts when completing the IT 4738.
Trusts: Report the total portion of this line on Schedule VII of the IT 1041. Do not report the Ohio portion of this line when completing the IT 1041.

●	 Individuals: the Ohio Schedule of Credits;
●	 PTEs: the IT 4708, Schedule V; OR
●	 Trusts: the IT 1041, Schedule XII.

Estates: Report the total portion of this line on
the IT NRCE in Section II, column A and the Ohio
portion in column C.

Note: A PTE or trust can only claim these credits to
the extent it also reports any income reflected on
the IT K-1 on its return. If the income is reported by
an investor or a beneficiary, these credit amounts
should be reported as an “indirect” credit on the IT
K-1 issued to them.

Line 2b – Guaranteed Payments / Compensation
If an investor/owner directly owns at least 20% of
this entity, this line is the total and Ohio portion
of any guaranteed payments or compensation
paid by this entity.

Lines 3a and 4a - Total Amount to be Added Back
from Tax Paid on an IT 4738

Individuals: Add the Ohio portion of this line to the Ohio
portion of line 2a and report the total on the IT NRC in
Section II, Column C, “Ohio Apportioned Income”.

Lines 3a and 4a are the owner’s/investor’s/beneficiary’s proportionate share of IT 4738 tax paid by
another entity that was included on the entity’s IRS
return as a specified income tax payment for the taxable year. An individual taxpayer is required to add
back their proportionate share of IT 4738 tax paid on
the IT 1040 if not included in federal or Ohio adjusted gross income. A trust or estate is required to add
back its proportionate share of IT 4738 tax paid on
the IT 1041 if not included in federal or Ohio taxable
income. Add lines 3a and 4a together and report the
total on one of the following:

PTEs, EPTEs, and trusts: The PTE, EPTE, or trust
should add the total amount as applicable:
●	 IT 4708, Schedule II;
●	 IT 4738, Schedule II; OR
●	 IT 1140, Schedule II.
Trusts and estates are not required to report this
number when completing the IT 1041.
Note: If an investor/owner directly or indirectly
owns at least 20% of this entity, it is required to
report any guaranteed payment or compensation
paid by this entity, even if an amount is not reported
on this line.

●	 Individuals: IT 1041, Ohio Schedule of Adjustments;
●	 Trusts and Estates: IT 1041, Schedule II.

Line 2c – Net Ohio Depreciation Adjustment (Individual Investors and Estates ONLY)

See R.C. 5747.01(A)(36) and 5747.01(S)(15).
Lines 3b and 4b - Total Amount to be Added Back
from Entity Income Tax Paid to Other States

This is generally line 1a minus line 1b. An individual
should report the total on the IT NRC in Section II,
Column B, Ohio Depreciation Adjustment. An estate
should report the total on the IT NRCE in Section II,
Column B, Ohio Depreciation Adjustment.

Line 3b and 4b are the owner’s/investor’s/beneficiary’s proportionate share of other states entity
income tax paid by another entity that was included
on the entity’s IRS return as a specified income tax
payment for the taxable year. An individual taxpayer
is required to add back their proportionate share of
other states entity income tax paid on the IT 1040
if not included in federal or Ohio adjusted gross
income. A trust or estate is required to add back its
proportionate share of other states entity income tax
paid on the IT 1041 if not included in federal or Ohio
taxable income. Add lines 3b and 4b together and
report the total on one of the following:

You cannot use this amount if you did not
make each of the add-backs shown in the
chart below line 1b. See the instructions
for the IT NRC or IT NRCE.
Part IV - Investor’s / Owner’s / Beneficiary’s Ohio
Tax Credits
Lines 3 and 4 – Direct / Indirect Pass-Through
Entity Credits
Line 3 is the portion of income tax paid, after nonrefundable credits and refunds, by this entity on its investor’s behalf (the “direct pass-through entity” credit).
Line 4 is the portion of tax paid by another entity on

●	 Individuals: IT 1041, Ohio Schedule of Adjustments;
●	 Trusts and Estates: IT 1041, Schedule II.
See R.C. 5747.01(A)(41) and 5747.01(S)(16).
7

Lines 5-8 – Refundable Business Credits

These credits cannot be claimed on an IT 4738 or IT
1140.

Enter the total proportionate and distributive share
of any refundable business credits granted to the
entity by the Ohio Department of Development
(ODOD). Include a copy of the ODOD certificate and
this IT K-1 when filing the return. Refundable business credits include:
●	
●	
●	
●	

Line 9 – Nonrefundable Business Credits
This is the portion of any nonrefundable business
credits granted to the entity. The specific credits will
be listed in the space provided.
Individuals: Report these amounts on the corresponding lines of the “Nonrefundable Credits” section of the Ohio Schedule of Credits.
PTEs and fiduciaries: To the extent the PTE or fiduciary reports the income from this IT K-1, it can also
report these credits on the corresponding lines of:

Job creation and job retention tax credits;
Ohio historic preservation tax credit;
Ohio venture capital credit; AND
Motion picture and Broadway theatrical production credit.

Individuals: Report these credits on the corresponding lines of the “Refundable Credits” section of the
Ohio Schedule of Credits.

●	 IT 4708, Schedule I; OR
●	 IT 1041, Schedule I.
These amounts cannot be claimed on an IT 4738 or
IT 1140.

PTEs and fiduciaries: To the extent the PTE or fiduciary reports the income from this IT K-1, it can also
report these credits on the corresponding lines of:

Part V - Supplemental Information

●	 IT 4708, Schedule V; OR
●	 IT 1041, Schedule XII.

This section contains any additional information
or instructions that the PTE, EPTE, or fiduciary who
completed the IT K-1 wants to convey to the investor, owner, or beneficiary.
EPTE Add-Back Schedule

Attach this schedule to the Ohio IT K-1 to report the
tax paid by this entity or by an electing pass-through
entity directly or indirectly owned by this entity on the
Ohio IT 4738, Electing Pass-Through Entity Income
Tax Return and/or another states entity income tax
return. Include the electing pass-through entity tax
paid (IT 4738 payments submitted) and income tax
paid to other states in this schedule if it was included
as a specified income tax payment and reflected in
the partner’s or shareholder’s distributive or pro-rata
share of non-separately stated income or loss reported on IRS Schedule K-1 or a similar form pursuant to
IRS Notice 2020-75 or any similar guidance issued by
the Internal Revenue Service. An individual taxpayer
is required to add back their proportionate share of IT
4738 and other state entity taxes paid on the IT 1040,
Ohio Schedule of Adjustments, if not included in federal or Ohio adjusted gross income. A trust or estate
is required to add back its proportionate share of IT
4738 and other state entity taxes paid on the IT 1041,
Schedule II, if not included in federal or Ohio taxable
income. Reporting this information to your partners
or shareholders will assist in the proper determination of the add-back.

Line 1 - Direct IT 4738 and Other States Entity Tax
Paid
Enter the FEIN of this entity and the investor’s/owner’s/beneficiary’s proportionate share of IT 4738 and
other states entity payments included as specified income tax payments on the IRS return by this entity
if the payments are not included in the partner’s or
shareholder’s federal or Ohio adjusted gross income
or in federal taxable income (trusts/estates).
Line 2 - Indirect IT 4738 and Other States Entity Tax
Paid
Enter the FEIN and the investor’s/owner’s/beneficiary’s
proportionate share of IT 4738 and other states entity
payments included as specified income tax payments
on the IRS return(s) by each entity directly or indirectly
owned by this entity if the payments are not included
in the partner’s or shareholder’s federal or Ohio adjusted gross income or in federal taxable income (trusts/
estates).
Line 3 - Total IT 4738 Tax Paid
Enter the total amount of IT 4738 payments included
as specified income tax payments on the IRS return
by this entity and/or by an entity directly or indirectly

See R.C. 5747.01(A)(36), (A)(41), (S)(15), and (S)(16)
8

owned by this entity reported as direct tax paid on the IRS return by this entity and/or by an entity directline 1 and total indirect tax paid on line 2.
ly or indirectly owned by this entity reported as direct
tax paid to other states on line 1 and total indirect tax
Line 4 - Total Tax Paid to Other States
paid to other states on line 2.
Enter the total amount of other states entity payments included as specified income tax payments on

9