topic Re: Pass Through Entity in Business & farm

Pass Through Entity

sharonike — Tue, 24 Mar 2020 19:32:48 GMT

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

Anonymous — Tue, 24 Mar 2020 19:37:26 GMT

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

sharonike — Tue, 24 Mar 2020 20:12:50 GMT

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??

Irene2805 — Wed, 25 Mar 2020 19:19:24 GMT

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