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Ohio Free Printable  for 2020 Ohio Fiduciary Income Tax Return

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Fiduciary Income Tax Return
Form IT 1041

Reset Form Do not staple or paper clip. 2019 Ohio IT 1041 Fiduciary Income Tax Return Rev. 11/08/19 Use only black ink and UPPERCASE letters. Amount fields use only whole dollar amounts, no cents. Check here if amended return Reporting Period Start Date Check here if final return Check here if the federal extension was granted Check here if any funds were distributed SSN of decedent (estates only) FEIN 19180106 Reporting Period End Date Name of trust or estate Name of trust or estate (second line) Fiduciary name and title Address (if address change, check box) City State Foreign State Code Country Code Check Applicable Box(es) Simple trust OR Foreign country (if the mailing address is outside the U.S.) Select One Complex trust Select One Do not staple or paper clip. Resident trust OR ZIP code Nonresident trust Foreign postal code Select All That Apply Irrevocable trust Testamentary trust Select One Bankruptcy estate Decedent’s estate Qualified pre income trust – Attach copy of letter of exemption from Ohio Income Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations (If the amount on a line is negative, place a “–“ in the box provided.) 1. Federal taxable income (from the federal 1041, line 23). Include page 1 of the federal 1041............................................................................... ............1. 2. Net adjustments from Schedule II, line 40................................................................... ............2. 3. Ohio taxable income (line 1 plus or minus line 2). Estates should skip lines 4-7......... ............3. 4. Allocated qualifying trust amount from Schedule VI, line 59 (trusts only).................... ............4. 5. Apportioned trust income from Schedule VII, line 62 (trusts only)............................... ............5. 6. Allocated trust income from Schedule VIII, line 65 (trusts only)................................... ............6. 7. Modified Ohio taxable income (trusts add lines 4, 5 and 6; if less than zero, enter zero).............................................................................................................7. 8. Tax on Ohio taxable income (estates, line 3) or tax on modified Ohio taxable income (trusts, line 7). See tax table in the instructions.............................................. 8. 9. Credits from Schedule III, line 48 (estates only).............................................................................. 9. 10. Resident credit from Schedule IV (estates); nonresident credit from Schedule V (estates); business credit from Schedule E (include Schedule E) (estates and trusts); and tax credit from Schedule IX (resident trusts).......................................... 10. For Department Use Only Do not write in this area; for department use only. Postmark date 2019 IT 1041 – pg. 1 2 of 7 Code Rev. 11/08/19 2019 Ohio IT 1041 Fiduciary Income Tax Return FEIN 19180206 11. Tax after nonrefundable credits (line 8 minus the amount on lines 9 and 10)................................11. 12. Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210).............................12. 13. Total Ohio tax (add lines 11 and 12)...............................................................................................13. 14. Net payments from line 78..............................................................................................................14. 15. Refundable business credits from line 85 (include documentation / certificates)...........................15. 16. Total (add lines 14 and 15).............................................................................................................16. 17. Overpayment, if any (line 16 minus line 13, if less than zero, enter zero)............Your Refund17. 18. Net amount due, if any (if line 13 is more than line 16, subtract line 16 from line 13, if less than zero, enter zero)...........................................................................................................18. 19. Interest and penalty on late-paid and/or late-filed return, if any.....................................................19. 20. Total amount due (add lines 18 and 19). Make check payable to Ohio Treasurer of State, include Ohio UPC and place FEIN on check........................................................Amount Due20. 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 you authorize your preparer to contact us regarding this return? Yes Do not staple or paper clip. Place any supporting documents, including Ohio IT K-1(s), after the last page of this return. Mail to: Ohio Department of Taxation P.O. Box 2619 Columbus, OH 43216-2619 Instructions for this form are on our website at tax.ohio.gov. No Schedule II – Adjustments to Federal Taxable Income Net of Related Expenses Additions 21. Federal and/or non-Ohio state or local government interest and dividends not distributed...........21. 22. Pass-through entity and financial institutions taxes paid and related member add-back...............22. 23. Income from an Electing Small Business Trust (ESBT) not shown in federal taxable income (include documentation).....................................................................................................23. 24. Losses from sale or other disposition of Ohio public obligations....................................................24. 25. Recovery of amount previously deducted or excluded...................................................................25. 26. Adjustment for Internal Revenue Code section 168(k) depreciation expense. 2/3, 5/6 or 6/6 (check applicable box and complete Schedule XIII)...........................26. 27. Federal personal exemption (estates only) and any applicable conformity adjustments...............27. 28. Expenses claimed on Ohio estate return (estates only).................................................................28. 29. Total additions (add lines 21 through 28)........................................................................................29. Do not write in this area; for department use only. 2019 IT 1041 – pg. 2 of 7 2019 Ohio IT 1041 Fiduciary Income Tax Return Rev. 11/08/19 FEIN 19180306 If the amount on a line is negative, place a “–” in the box provided. Schedule II – Adjustments to Federal Taxable Income Net of Related Expenses...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. 30. Federal interest and dividends exempt from state taxation net of related expenses......................30. 31. Certain state and municipal income tax overpayments..................................................................31. 32. Losses from an ESBT not shown in federal taxable income (include documentation)...................32. 33. Wage and salary expense not previously deducted due to the federal targeted jobs credit or the work opportunity credit...............................................................................................33. 34. Interest income from Ohio public obligations and Ohio purchase obligations and gains from the sale or other disposition of Ohio public obligations..........................................................34. 35. Refunds or reimbursements of prior year federal itemized deductions and any applicable conformity adjustments...................................................................................................................35. 36. Farm income from a farm of at least 10 acres (trusts only)............................................................36. 37. Adjustment for Internal Revenue Code section 168(k) depreciation expense. Complete Schedule XIII..................................................................................................................37. 38. Repayment of income reported in a prior year and not otherwise deducted..................................38. 39. Total deductions (add lines 30 through 38).....................................................................................39. 40. Net adjustments (subtract line 39 from line 29). Enter here and on line 2.................... ...........40. Schedule III – Estate Credits 41. Retirement income credit (see instructions for credit table) (limit – $200)......................................41. 42. Lump sum retirement credit (see instructions to calculate the credit)............................................42. 43. Senior citizen’s credit (limit – $50 per return).................................................................................43. 44. Lump sum distribution credit (must be 65 or older to claim this credit; see instructions to calculate this credit)....................................................................................................................44. 45. Child and dependent care credit (see instructions and worksheet in Ohio IT 1040 booklet)............45. 46. Ohio political contributions credit....................................................................................................46. 47. Ohio adoption credit (limit $10,000)................................................................................................47. 48. Total Schedule III credits (add lines 41 through 47) – enter here and on line 9.............................48. Schedule IV – Estate Ohio Resident Credit 49. Enter the portion of Ohio taxable income (line 3) subjected to tax by other states or the District of Columbia while an Ohio resident............................................................ ...........49. 50. Enter Ohio taxable income (line 3)............................................................................... ...........50. 51. Divide line 49 by line 50 and enter percentage here %. Multiply this percentage by the amount shown on line 8 reduced by any amount shown on line 9......................................51. 52. Enter the 2019 income tax, less all related credits other than withholding and estimated tax payments and carryforwards from previous years, paid to other states or the District of Columbia........................................................................................................................52. 53. Enter the smaller of line 51 or line 52. This is your Ohio resident tax credit. Enter here and on line 10.................................................................................................................................53. Do not write in this area; for department use only. 2019 IT 1041 – pg. 3 2 of 7 Rev. 11/08/19 2019 Ohio IT 1041 Fiduciary Income Tax Return FEIN 19180406 If the amount on a line is negative, place a “–” in the box provided. Schedule V – Estate Nonresident Credit 54. Portion of Ohio taxable income (line 3) not earned or received in Ohio (include Ohio IT 2023)................................................................................................... ...........54. 55. Ohio taxable income (line 3)......................................................................................... ...........55. 56. Divide line 54 by line 55 and enter percentage here %. Multiply this percentage by the amount shown on line 8 reduced by the amount shown on line 9. Enter here and on line 10.....56. Schedule VI – Allocated Qualifying Trust Amounts 57. Trust’s portion of capital gains/losses recognized to the extent included in Ohio taxable income (line 3) if the location of the physical assets of the closely held investee is available............................................................................................... ...........57. 58. Percentage of the closely held investee’s physical assets located within Ohio..............................58. 59. Multiply amount on line 57 by percentage on line 58. Enter here and on line 4........... ...........59. Schedule VII – Apportioned Income for Trusts 60. Enter (i) the trust’s business income not included in line 57 and (ii) the trust’s qualifying investment income not otherwise a part of business income and not included in line 57......................................................................................................... ...........60. 61. Enter the Ohio apportionment ratio from line 76 of the apportionment worksheet on page 5.......................................................................................................................61. 62. Multiply the amount on line 60 by the apportionment ratio on line 61. Enter here and on line 5................................................................................................ ...........62. Schedule VIII – Allocated Nonbusiness Income for Trusts If distributive share is business income/loss from a pass-through entity, use Schedule VII. 63. Resident trusts: Trust’s portion of Ohio taxable income (line 3) not reported on lines 57 or 60........................................................................................................... 64. Nonresident trusts: Trust’s portion of Ohio taxable income (line 3) not reported on lines 57 or 60 to extent such income (i) was derived from real or tangible property located in or based in Ohio or (ii) was sitused to Ohio (see instructions for line 64).......................................................................................... 65. Add lines 63 and 64 and enter here and on line 6........................................................ ...........63. ...........64. ...........65. Schedule IX – Tax Credit for Resident Trusts 66. Enter the amount of allocated resident trust nonbusiness income (line 63, above) subject to tax in one or more states or in the District of Columbia................................ ...........66. 67. Enter the amount from line 8...........................................................................................................67. 68. Enter the amount of modified Ohio taxable income from line 7......................................................68. 69. Divide line 67 by line 68 and enter the percentage here. This is the average effective tax rate.....69. 70. Multiply the amount on line 66 by the percentage reported on line 69......................... ...........70. 71. Enter the amount of tax actually paid by the resident trust to another state or the District of Columbia on the trust’s allocated nonbusiness income..................................................71. 72. Enter the smaller of the amount on lines 70 and 71. This is the resident trust’s Ohio tax credit. Enter here and on line 10................................................................................................................72. Do not write in this area; for department use only. 2019 IT 1041 – pg. 4 2 of 7 Rev. 11/08/19 2019 Ohio IT 1041 Fiduciary Income Tax Return 19180506 FEIN Schedule X – Apportionment Worksheet Use this worksheet to calculate the apportionment ratio for the trust’s modified business income and qualifying investment income included in Ohio taxable income. Note: All ratios are to be carried to six decimal places. Total Everywhere Within Ohio 73. Property a) Owned (average cost) Within Ohio Total Everywhere Within Ohio Total Everywhere b) Rented (annual rental X 8) ÷ c) Total (lines 73a and 73b) = Ratio Weight x 0 Weighted Ratio = Total Everywhere Within Ohio ÷ 74. Payroll = Ratio Weight x 0.50 Weighted Ratio = Total Everywhere Within Ohio ÷ 75. Sales = Ratio Weight x 0.82 Weighted Ratio = 76. Total weighted apportionment ratio (add weighted ratio from lines 73c, 74 and 75). Enter ratio here and on Schedule VII, line 61 (carry to six decimal places)................................................................................................... 76. Weighted Ratio Note: If the denominator 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) 77a. Estimated payments 77b. 1099 withholdings 77c. W-2 withholdings 77d. Refunds previously claimed 78. Net payments (add lines 77a-c minus line 77d). Enter here and on line 14. Schedule XII – Refundable Business Credits Note: Certificates from the Ohio Development Services Agency and/or Ohio IT K-1(s) must be included to verify each refundable credit claimed. 79. Motion picture / Broadway credit 80. JCTC / JRTC 81. Pass-through entity credit 82. Venture capital credit 83. Historic preservation credit 84. Financial Instituitions Tax (FIT) credit 85. Total refundable business credits (add lines 79-84). Enter here and on line 15. Do not write in this area; for department use only. 2019 IT 1041 – pg. 5 2 of 7 Rev. 11/08/19 2019 Ohio IT 1041 Fiduciary Income Tax Return FEIN 19180606 Schedule XIII – 168K Bonus Depreciation and 179 Expense Add-back Schedule Check the box if the depreciation adjustment has been waived 86. Total current year sections 168K bonus depreciation and 179 expense add-back........................ 86. 87. Prior years add-back amount and applicable add-back ratio Column (A) – Amount Column (B) – Ratio 2/3 5/6 6/6 2/3 5/6 6/6 87c. 3 Years Prior.............................................. 87c. 2/3 5/6 6/6 87d. 4 Years Prior.............................................. 87d. 2/3 5/6 6/6 87e. 5 Years Prior.............................................. 87e. 2/3 5/6 6/6 87a. Year Prior.................................................. 87a. 87b. 2 Years Prior.............................................. 87b. 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 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. 2019 IT 1041 – pg. 6 2 of 7 Rev. 11/08/19 2019 Ohio IT 1041 Fiduciary Income Tax Return FEIN 19180706 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 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. 2019 IT 1041 – pg. 7 2 of 7
Extracted from PDF file 2019-ohio-form-it-1041.pdf, last modified November 2018

More about the Ohio Form IT 1041 Corporate Income Tax Tax Return TY 2019

We last updated the Fiduciary Income Tax Return in January 2020, so this is the latest version of Form IT 1041, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form IT 1041 directly from TaxFormFinder. You can print other Ohio tax forms here.

Related Ohio Corporate Income Tax Forms:

TaxFormFinder has an additional 82 Ohio income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Ohio Form IT 1041.

Form Code Form Name
Form IT 1041ES Ohio Estimated Income Tax Payment Coupon for Estates and Trusts
Form IT 1041P Ohio Income Tax Payment Coupon for Estates and Trusts (OBSOLETE)

Download all OH tax forms View all 83 Ohio Income Tax Forms


Form Sources:

Ohio usually releases forms for the current tax year between January and April. We last updated Ohio Form IT 1041 from the Department of Taxation in January 2020.

Show Sources >

Form IT 1041 is an Ohio Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Ohio Form IT 1041

We have a total of nine past-year versions of Form IT 1041 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form IT 1041

PIT_IT1041_Return_Scannable_Final_2012_FI_122112.indd

2015 Form IT 1041

PIT_IT1041_Return_Scannable_Final_2012_FI_122112.indd

Fiduciary Income Tax Return 2014 Form IT 1041

PIT_IT1041_Return_Scannable_Final_2014_FS_121814.indd

Fiduciary Income Tax Return 2013 Form IT 1041

PIT_IT1041_Return_Scannable_Final_2012_FI_122112.indd

2012 Form IT 1041

PIT_IT1041_Return_Scannable_Final_2012_FI_122112.indd

2011 Form IT 1041

PIT_IT1041_Return_Final_2011_FI_061511.indd


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