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Form 1140 Withholding return

You need to meet the following conditions to calculate Form 1140 Pass-Through Entity and Trust Withholding Tax Return:
  • You need at least 1 nonresident beneficiary.
  • The tax due calculated on 1140 page 3 needs to be more than $50.

Page 3

When filing Form 1140, you need to complete only pages 1, 2, and 4. Form 1140, page 3, is available in the Non Calculating folder of the Ohio Input screen. You can complete the form manually.

Taxable income on page 4

The different types of income that go into figuring the taxable income for page 4 include:
  • Line 1
    • All distributions to the nonresident beneficiaries (K1 Line 4, or Grantor “NR Grantor Info”)
    • Nonresident beneficiary’s share of U.S. Obligations (K1 Line 3a Or Grantor “Fed Int/Div exempt from state taxation”)
  • Line 2a
    • Nonresident beneficiaries’ share of the 5/6th 168k bonus add back (K1 Line 2e, Grantor “Add back the Depr Adj..”)
    • Nonresident beneficiaries’ share of Misc Fed tax add back (K1 2f, Grantor “Lump Sum add back and Misc Fed…”)
  • Line 2b
    • Nonresident beneficiaries’ share of U.S. Obligations (K1 Line 3a Or Grantor Fed Int/Div exempt from state taxation)
    • Nonresident beneficiaries’ share of PY Bonus Depreciation Deduction (K1 Line 3g, Grantor “One-fifth bonus depr added back”)
    • Nonresident beneficiaries’ share of gains from OH Municipal Bonds, (K1 3d, Grantor “Interest income from OH Pub Obs”) (Fed >> Inc Ded>> Cap Gains>> Gains with state use code 1)
  • Line 3
    • Line 1 + Line 2a – Line 2b
    • Line 4 = .05
  • Line 5
    • Line 3 * Line 4
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