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Returning Member
posted Mar 24, 2020 12:32:48 PM

Pass Through Entity

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

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3 Replies
Not applicable
Mar 24, 2020 12:37:26 PM

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

Returning Member
Mar 24, 2020 1:12:50 PM

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??

Expert Alumni
Mar 25, 2020 12:19:24 PM

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