ReginaM
Expert Alumni

State tax filing

Yes, the information is cominng from your K-1, the amount subject to the addback is the taxpayer's total §179 expense less $25,000 plus all of the taxpayer's §168(k) depreciation expense. This includes depreciation from their own business, as well as their proportionate share of depreciation from any pass-through entity in which the taxpayer is an investor.

 

State of Ohio Pass Through Entities

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