I received a schedule K-1 form 1041 for being a beneficiary of an estate. I believe I entered everything correctly on the federal income tax form as I didn't have any errors but I have an Ohio IT K-1 showing trust and estate income of 16710. I can't find where to input this info on the state income tax return. Can you please tell me which section of turbo tax I need to visit. I am in the income section but I do not see anything asking for estate income.
Thanks
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If you are an Ohio resident, the income you entered in your federal return will flow to your Ohio state return. If the amount on the Ohio K-1 is the same as the federal K-1, you don't have to do anything, unless there are differences on other lines. If you are not an Ohio resident, you need to file an Ohio non-resident return. There will be a section in the Ohio state return where you can allocate different types of income. If necessary you will add or adjust the amount allocated to Ohio for Business/K-1 Income.
Thanks. I am an Ohio resident so it sounds like everything should be included.
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