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Screen OHK1T - Ohio Schedule K-1 Trusts and Estates (1040)
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Overview
Use this screen to enter percentage of ownership for pass-through entities. The percentage is required when filing electronically and the pass-through entity pays Ohio estimated income taxes on behalf of the beneficiary.
Tax Paid and Distribution Percentage
State estimated tax paid on behalf of beneficiary
This amount transfers from
Trust paid state estimated tax
in the federal K1T-2
screen when the state postal code is OH
.Percentage of beneficiary’s year end distribution
Enter the beneficiary’s year end distribution percentage here or on the federal
K1T-St2
screen when the postal code is OH
. This is used to express the percentage of ownership in the pass-through entity. For example, enter 12.5
if the beneficiary is entitled to twelve-and-one-half percent of the total year-end distribution.