Ohio Form K-1

Form K-1
Form IT K-1
Rev. 09/30/25

2025 Ohio IT K-1

Use only black ink and UPPERCASE letters.

For taxable year beginning		
Pass-through entity / Fiduciary filing:

25300102
Amended K-1

and ending
IT 1140

IT 4708

Part I - Investor/Owner/Beneficiary
Investor’s/owner’s/beneficiary’s SSN

IT 4738

Not included on entity return

Investor’s/owner’s/beneficiary’s FEIN

Investor’s/owner’s/beneficiary’s name

Investor’s/owner’s/beneficiary’s address

City

State

Ownership Percentage

ZIP code

Foreign State Code

Country Code

Ending

Beginning

Profit-sharing..............................................

%

%

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

%

%

Ownership of capital...................................

%

%
%

Beneficiary’s income distribution % (trust/estates only)...........................................................
Part II - Entity Information
NAICS code

FEIN

Entity Type

Entity name

Entity address

City

State

ZIP code

Within Ohio

Apportionment

Country Code

Total Everywhere

Property......................................................

/

Payroll........................................................

/

Sales..........................................................

/

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

Foreign State Code

.

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

2025 IT K-1 – pg. 1 of 3

Rev. 09/30/25

2025 Ohio IT K-1

Use only black ink and UPPERCASE letters.

25300202

FEIN:
Part III - Investor’s/Owner’s/Beneficiary’s Ohio Depreciation Adjustments
Total
1a. Current year IRC §168(k) bonus depreciation &
§179 expense ..............................................................1a.

Ohio

1b. Total deduction of prior year IRC §168(k)
bonus depreciation & §179 expense Ohio add-backs.. 1b.
Part IV - Investor’s/Owner’s/Beneficiary’s Share of Ohio Income
2a. Pass-through entity/electing passthrough entity/trust & estate income......... 2a.

Total

Ohio

2b. Guaranteed payments or compensation
(20% or greater investors only)................ 2b.
2c. Net Ohio depreciation adjustment...... 2c.
2d. Total taxable income (sum of 2a through
	2c for each column).................................. 2d.
Part V - 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 business credits.................................................................................................................. 5.
	
	
5a. Credit type code............... 5a.	
Percentage of credit claimed...................................... 5a.
	

5b. Credit type code............... 5b.	

Percentage of credit claimed...................................... 5b.

	

5c. Credit type code............... 5c.	

Percentage of credit claimed...................................... 5c.

6. Nonrefundable business credits............................................................................................................. 6.

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

2025 IT K-1 – pg. 2 of 3

Rev. 09/30/25

2025 Ohio IT K-1 EPTE
Add-back Schedule

25300302

FEIN:

Use the Ohio IT K-1 EPTE Add-back Schedule 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 state’s 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 I, 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:	
Direct Tax Paid to Other States:

Enter on line 3a of the Ohio IT K-1
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:	

Indirect Tax Paid:	

Indirect Tax Paid to Other States

Total Indirect IT 4738 Tax Paid:	

Total Indirect Tax Paid to Other States:

Enter on line 4a of the Ohio IT K-1

Enter on line 4b of the Ohio IT K-1

Line 3: Ohio IT 4738 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:

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

2025 IT K-1 – pg. 3 of 3

IT 1041
Rev. 12/25

Ohio IT K-1
●	 Preparers completing the IT K-1: Start immediately below.
●	 Investors receiving an IT K-1: Start following “Preparers” section.
Preparers 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.
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/forms to obtain a copy of the form.
Part I – Investor / Owner / Beneficiary
and Entity Information

III of the IT 4708 or IT 4738, Schedule II of the IT 1140
or Schedule V of the IT 1041.

Enter the calendar year or a fiscal year period used
on the entity’s federal return.

If the PTE, EPTE, or fiduciary is not filing an Ohio
return, see detailed instructions on calculating the
Ohio apportionment ratio in the IT 1140, IT 4708, IT
4738 or IT 1041 instructions. Calculate 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.

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 “Not
included on entity return.” Additionally, check the
box to indicate an amended IT K-1, if applicable.
Investor / Beneficiary Information
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.
Ownership %
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.
Part II - 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.
Enter the 6-digit North American Industry Classification System (NAICS) code related to the entity’s activity. Completing this field on the Ohio IT K-1 is optional. Find detailed information at census.gov/naics.
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 (01), limited liability company (02),
partnership (03), or trust (04).
Apportionment Ratio

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.
See R.C. 5747.21, 5747.231, and 5733.05(B)(2).
Part III – Investor’s / Owner’s / Beneficiary’s
Depreciation Adjustments
Line 1a - Current Year 168(k) and 179 Depreciation
Expense Ohio Add-Back
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 I (A) or (B)
●	 IT 4738 - Schedule I
●	 IT 4708 - Schedule I, OR
●	 IT 1041 - Schedule I; Note: IT 1041 filers, only:
For taxable years ending on or after October 3,
2023 and before January 1, 2025, do not enter
any amount on Line 1a of the IT K-1.
Ohio Column: Multiply the amount in the “Total” column by the apportionment ratio on the IT K-1.
R.C. 5733.40(A)(5), 5747.01(A)(18) and 5747.01(S)(14).

If the PTE, EPTE, or fiduciary is filing an Ohio return,
enter the apportionment information from Schedule
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IT 1041
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Line 1b – Total Deduction of Prior Year 168(k) and
179 Depreciation Expense Ohio Add-Backs

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

Calculate the total deduction based only on prior
year add-back amounts reported on the Ohio PTE or
fiduciary return filed.

See R.C. 5733.40(A)(7).
Line 2c - Net Depreciation Adjustment

Note: Only report prior-year depreciation addbacks for years that (1) the person was an investor, owner, or beneficiary, and (2) the PTE, EPTE or
fiduciary filed an Ohio return.

For each column, line 1a minus line 1b.

See R.C. 5733.40(A)(5), 5747.01(A)(18) and 5747.01(S)
(14).

Part V - Investor’s/Owner’s/Beneficiary’s Share of
Ohio Tax Credits

Schedule IV - Investor’s/Owner’s/Beneficiary’s
Share of Ohio Income

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 2a - PTE / EPTE / Trust & Estate Income
Total Column: Enter the investor’s/beneficiary’s proportionate or distributive share of the income reported on the Ohio return as follows:
●	 IT 4708 – The income to be allocated or apportioned, excluding Internal Revenue Code
168(k) and 179 depreciation expense adjustments, and guaranteed payments and compensation reported on Schedule I
●	 IT 1140 (PTEs only) – The “sum of distributive
shares” plus any “related member” adjustments from Schedule I
●	 IT 4738 – The income to be allocated or apportioned, excluding Internal Revenue Code
168(k) and 179 depreciation expense adjustments, and guaranteed payments and compensation reported on Schedule I
●	 IT 1140 (Trusts only) – The “sum of all distributions” from Schedule III
For the specific lines related to these amounts, see the
IT 4708, IT 4738, or IT 1140 for the applicable tax year.
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.

Line 2d – Total Taxable Income
For each column, enter the sum of lines 2a through 2c.

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
●	 Electing PTEs claiming a refundable PTE credit
on line 14 of the IT 4738 (taxable years starting
on or after 1/1/25)
Investors claiming credits should include a copy of
the IT K-1 when filing their return.
Line 3 - Direct pass-through entity credit (Ohio tax
paid by this entity after nonrefundable business
credits and refunds).
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 - “Tax liability after nonrefundable
business credits,” line 12
●	 IT 4738 - “Tax liability,” line 9
●	 IT 1140 - “Tax due” from Schedule I, line 27,
columns A and B or line 39 from Schedule III

See R.C. 5733.40(A), 5747.08(D) and 5747.38.
Line 2b - Guaranteed Payments and/or Compensation (20% or Greater Investors Only)
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.
Important: Enter these amounts even if the investor is a resident of Indiana, Kentucky, West Virginia,
Michigan or Pennsylvania.

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.

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IT 1041
Rev. 12/25

Line 4 - Indirect pass-through entity credits or
withholding (attach IT K-1/W2/1099)
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 paid tax in the space
provided. Note: Exclude PTE credit amounts included as a direct PTE credit amount on line 3.
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 on 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).
4b. Total Amount to be Added Back from Indirect
Entity Tax Paid to Other States
Enter the total from line 2, total indirect tax paid to
other states, on 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).

Line 6 – 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.
Investors Receiving an IT K-1
Part I – Investor / Owner / Beneficiary and Entity
Information
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.
Entity FEIN: Individuals must report the entity’s
FEIN on:
●	 Form IT NRC, Section II, AND/OR
●	 Ohio Schedule of Business Income, part 4
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:
●	
●	
●	
●	
●	
●	

Lines 5 – 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.

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.

Lines 5a, 5b and 5c
Specify any refundable credits claimed by the investor/
owner/beneficiary, excluding direct and indirect passthrough entity (PTE) credits reported on lines 3 and 4
above, using the applicable credit type code(s) below:
A.	 Refundable Ohio historic preservation credit
B.	 Refundable job creation credit & job retention
credit
C.	 Motion picture & Broadway theatrical production
credit
D.	 Film and theater capital improvements credit
E.	 Venture capital credit

Form IT NRC, Section III, Part A
Form IT NRCE Section III, Part A
IT 4738, Schedule III
IT 4708, Schedule III
IT 1140, Schedule II, OR
IT 1041 Schedule V

Part II - Investor’s / Owner’s / Beneficiary’s Ohio
Depreciation Adjustments
Line 1a – Current Year Depreciation Add-Back
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.
PTEs, EPTEs, and fiduciaries: PTEs and fiduciaries
should add the total amount to Schedule I of the IT
4738, IT 4708, IT 1140, and/or IT 1041.For taxable
years ending on or after October 3, 2023 through tax-

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IT 1041
Rev. 12/25

able years ending on or before December 31, 2024, the
depreciation add-back was not required on the IT 1041.

EPTEs: Do not report these amounts when completing the IT 4738.

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.

Trusts: Report the total portion of this line on Schedule III of the IT 1041. Do not report the Ohio portion of this line when completing the IT 1041.

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

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.

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.
●	 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.
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:
●	
●	
●	
●	

IT 4708, Schedule II
IT 4738, Schedule II
IT 1140, Schedule I, columns A and/or B, OR
IT 1041, Schedule I

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 III - Investor’s / Owner’s / Beneficiary’s
Ohio Income
Line 2a –PTE / EPTE / Trust & Estate Income
This is the total and Ohio portion of this PTE’s, EPTE’s,
or fiduciary’s income.
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”.
PTEs: Do not report these amounts when completing
the IT 4708 or IT 1140.

Estates: Report the total portion of this line on the
IT NRCE in Section II, column A and the Ohio portion
in column C.
Line 2b – Guaranteed Payments / Compensation

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”.
PTEs, EPTEs, and trusts: The PTE, EPTE, or trust
should add the total amount as applicable:
●	 IT 4708, Schedule I
●	 IT 4738, Schedule I, OR
●	 IT 1140, Schedule I
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.
Line 2c – Net Ohio Depreciation Adjustment (Individual Investors and Estates ONLY)
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.
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
this entity’s behalf (the “indirect pass-through entity”
credit). Nonrefundable and refundable credits can be
claimed on the IT 1040, IT 4708 and IT 1041; only the
refundable PTE credit can be claimed on the IT 4738
(line 14). Nonrefundable/refundable credits cannot
be claimed on the IT 1140. Add lines 3 and 4 together
and report the total on the “pass-through entity credit” line of one of the following:

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IT 1041
Rev. 12/25

●	 Individuals: IT 1040, Ohio Schedule of Credits
●	 Electing PTEs: IT 4738 filers report only refundable PTE credits on line 14 of the IT 4738
●	 PTEs: IT 4708, PTE/FI Schedule of Credits, OR
●	 Trusts: IT 1041, PTE/FI Schedule of Credits
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.
Lines 3a and 4a - Total Amount to be Added Back
from Tax Paid on an IT 4738
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:
●	 Individuals: IT 1040, Ohio Schedule of Adjustments
●	 Trusts and Estates: IT 1041, Schedule I
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
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:
●	 Individuals: IT 1040, Ohio Schedule of Adjustments
●	 Trusts and Estates: IT 1041, Schedule I
See R.C. 5747.01(A)(41) and 5747.01(S)(16).
Line 5 - Refundable Business Credits
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:
●	
●	
●	
●	

Job creation and job retention tax credits
Ohio historic preservation tax credit
Ohio venture capital credit
Motion picture and Broadway theatrical production credit, AND
●	 Film and theater capital improvements credit
Individuals: Report these credits on the corresponding lines of the “Refundable 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:
●	 IT 4708, page 2
●	 IT 1041, page 2
These credits cannot be claimed on an IT 4738 or IT
1140.
Line 6 – 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:
●	 IT 4708, page 2
●	 IT 1041, page 1
These amounts cannot be claimed on an IT 4738 or
IT 1140.
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.

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

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