Ohio IT K-1

[venkatnagarajan]

I have an investment in a real estate fund that invests in a property in Ohio. I received an IT K-1 along with my Federal K-1. In going through the Business Apportionment Summary section, I entered information about the LP that issued my IT-K1. However, I am not sure if I have to pick the option where I have to attach a paper copy of IT K-1 and file a paper return. I would prefer to file the Ohio return electronically and not have to print and file the return, especially since I have no connection to Ohio other than the investment int he LP that owns a property in Ohio.  I would greatly appreciate it if you can provide some guidance on this issue.  

[DianeW777]

It depends. You can generally e-file up to 5 state returns for each federal return in TurboTax Online version. TurboTax Desktop allows three state returns with one federal return. However, states have their own rules and each is somewhat different.

You should try to file without checking that box. It's a form you can keep in your tax file until and unless Ohio makes a request since it's not mandatory for every scenario. Attaching it can prevent the need for the Department of Taxation to request additional information. It's all right to keep it until then.