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Level 2
Mar 24, 2020 7:32 PM UTC
Question

Pass Through Entity

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

    3 replies

    Mar 24, 2020 7:37 PM UTC

    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
    Mar 24, 2020 8:12 PM UTC

    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??

    Alumni - Intuit
    Mar 25, 2020 7:19 PM UTC

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