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Level 2

Question

Pass Through Entity

Forum|Forum|6 years ago
March 24, 2020
1 reply
10 views

My Schedule K-1 is entered on form 1065. Is this income eligible as a pass-through entity?

A

Anonymous

if a partnership receives a k-1 from another entity income and expenses reported retain their character when passed through to the partners.

sharonikeAuthor

Level 2

I didn't understand your answer.

Do I consider the income shown on line 2 of my Form 1065 to be listed as a pass-through entity for the State of Ohio taxes??

Level 15

Yes - Partnerships, S-Corps, and Trusts/Estates are all considered pass-through entities.