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I live in IN but have a K-1 from an S-Corp that needs to be filed for OH, IN and KY. How do I get those multiple states filed?

 
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I live in IN but have a K-1 from an S-Corp that needs to be filed for OH, IN and KY. How do I get those multiple states filed?

A couple of comments:

  • Make sure you understand what the S corporation has done with respect to those states; did they withhold taxes on your behalf or were you included in a composite that return.  If the later, you don't have any filing requirement in those states in which you were included in a composite tax return (unless of course you have other income in that state).
  • To file in those states, you will need to download each respective state software keeping in mind that each state will be an additional cost to you.
  • You will need to file as a nonresident in Ohio and Kentucky.
  • For Ohio and Kentucky there will be a specific form where you will reflect income everywhere and then income apportioned to Ohio / Kentucky depending on which return you are preparing.
  • You will then be taxed on the respective state's apportioned income.  If the S corporation withheld tax you will then use this to offset any of the liability.  You will then pay the difference or receive a refund.
  • Prepare the Ohio and Kentucky returns first.  On your Indiana tax return you will complete a schedule for taxes paid to other states.  You will need some information from the Ohio and Kentucky returns in order to complete this.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
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