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Pass Through Entity
My Schedule K-1 is entered on form 1065. Is this income eligible as a pass-through entity?
March 24, 2020
12:32 PM
Anonymous
Not applicable
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Business & farm
if a partnership receives a k-1 from another entity income and expenses reported retain their character when passed through to the partners.
March 24, 2020
12:37 PM
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Business & farm
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??
March 24, 2020
1:12 PM
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Business & farm
Yes - Partnerships, S-Corps, and Trusts/Estates are all considered pass-through entities.
March 25, 2020
12:19 PM