FAQs - Pass Through Entity

Ohio form IT 1140, Schedule B, line 1 asks for the "Sum of all qualifying investors' distributive shares of income and gain." What lines from the IRS form 1065, Schedule K and IRS form 1120S, Schedule K, comprise "income and gain" on Schedule B, line 1?

For the 1065, Schedule K, lines 1 through 3 and 5 through 11 reduced by the related expenses on lines 12, 13(b), 13(c), 13(d) and 16(l).

For the 1120S, Schedule K, lines 1 through 10 reduced by the related expenses on lines 11, 12(b), 12(c), 12(d) and 14(l).