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Ohio Free Printable  for 2024 Ohio Fiduciary Income Tax Return

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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 2 of 8 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 2 of 8 2023 Ohio IT 1041 Rev. 08/08/23 23180402 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 2 of 8 2023 Ohio IT 1041 Rev. 08/08/23 23180502 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 2 of 8 2023 Ohio IT 1041 Rev. 08/08/23 23180602 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 2 of 8 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 2 of 8 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 2 of 8
Extracted from PDF file 2023-ohio-form-it-1041.pdf, last modified August 2023

More about the Ohio Form IT 1041 Corporate Income Tax Tax Return TY 2023

We last updated the Fiduciary Income Tax Return in January 2024, so this is the latest version of Form IT 1041, fully updated for tax year 2023. 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.


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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)
Form IT 1041 Instructions Fiduciary Income Tax Return Instructions
Form IT 1041 UPC Payment Voucher for Pass-Through Entity/Fiduciary Income Tax

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 2024.

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 thirteen 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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