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  • Ohio 2013 Fillable It 1041 Form

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6. 2012 IT 1041 pg. 1 of 5 FEIN 10. Resident credit from Schedule C estates nonresident credit from Schedule D estates business credit for estates and trusts from Schedule E attach Schedule E Schedule I credit nonresident trusts and grant for new manufacturing M E. Attach grant request form. 10. 11. Tax after nonrefundable credits and grant line 8 minus the amount on lines 9 and 10. 11. 12. Interest penalty on underpayment of estimated tax attach.

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The PTE will pay tax on its Ohio income at a rate of 5% for tax year 2022, and 3% tax year thereafter. The Ohio PTE election allows estimated taxes paid by the PTE to be applied to that PTE's tax liability for either its IT 1140 (Pass-Through Entity and Trust Withholding Tax) or the elective PTE tax.

2 Who is required to file the Ohio IT 1041? All estates and trusts, including foreign estates and trusts, that are subject to the Ohio fiduciary income tax must file the IT 1041 and pay any tax due.

On September 23, 2022, Senate Bill 246 went into effect. Beginning with tax year 2022, Ohio pass-through entities (PTEs) may elect to be taxed at the entity level, allowing them to deduct from their federal income the amount of PTE tax they paid for the year.

However, Ohio has now joined the ranks of numerous states that have established an elective PTE tax. This January, when filing for 2022, Ohio entities may now elect to file using Form IT 4738, which was established in June 2022 via Ohio Senate Bill 246 (S.B.

The Ohio Department of Taxation provides a searchable repository of individual tax forms for multiple purposes. Most forms are available for download and some can be filled or filed online.

A pass-through entity is an S corporation, partnership, or a limited liability company treated as a partnership for federal income tax purposes. Many pass-through entities arenot“qualifying” pass- through entities and are therefore not subject to this tax.

Adjusted gross income (AGI). Compute the AGI of an estate or a non-grantor trust by subtracting the following from total income on line 9 of page 1.

Tax rate is 5% for the taxable year beginning January 1, 2022, and for taxable years beginning January 1, 2023, the rate is equal to the tax rate imposed on taxable business income under RC 5747.02 (A)(4)(a) (currently 3%).

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232