Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in. A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

What information does a trust need to provide on the Ohio IT K-1?

The trust should provide as much information as possible to accurately convey the Ohio income and/or credits it is distributing to its beneficiaries.  That said, the trust does not need to provide the percentage of profit, loss or ownership of capital.  Furthermore, the trust only needs to complete the entity apportionment percentage if it has apportionable business income.