How do I handle/report local taxes paid from K1 (form 1065).

I received a K1 from a LLC on form 1065 which indicates in the statements -

"Share of (local ohio city) Income. $16,878"

"(local ohio city) taxes paid on your behalf. $410 "

How do I use this information? Are the local city taxes paid on my behalf entered on my 1040 as additional local taxes paid"

Thank you

164

Expert Alumni

Feb 25, 2024 11:06:08 AM

Yes, you should include the local taxes paid on your behalf under Deductions >> Estimated Taxes >> Local estimated taxes. TurboTax will carry this payment over to your State income tax return and apply it wherever necessary. Note that TurboTax does not file local income tax returns.

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How do I handle/report local taxes paid from K1 (form 1065).