topic K1 reporting, help please in Get your taxes done using TurboTax

K1 reporting, help please

bechicago90 — Tue, 10 Mar 2026 07:25:52 GMT

I'm new to K1 reporting. I live in IL and will receive a K1 from a firm in OH. Both the firm and their real estate project are based in Ohio. Will I only need to file my tax return in IL and a federal return? Or might I now need to also file a return in OH due to the K1? How will I know if an Ohio return is required? thx.

Re: K1 reporting, help please

Mike9241 — Thu, 08 Dec 2022 20:56:59 GMT

post back after you get the K-1. for IL the info will flow through from the federal inputs and you'll get an Il-K-1 if things need to be adjusted for Illinois. for Ohio it depends on what is being reported on the k-1 and how much.

the partnership may even decide to file a composite return which could relieve some or all of the partners of filing out-of-state returns.