Kentucky Form 740NP-WH

Forum|Forum|3 years ago
March 22, 2023
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I am completing my taxes using the desktop TurboTax Business & Home Edition. I have a single-member LLC, registered in Ohio and doing business as a foreign entity in Kentucky.

TurboTax had me fill out Kentucky Form 740NP & Kentucky Form 725 but there is a checkmark in Section F that appropriately indicates I am a non-resident and it states that a non-resident LLC should also fill out Kentucky Form 740NP-WH. There was nothing mentioned about this in the TurboTax filing instructions and I went and looked at Form 740NP-WH. 740NP-WH states that it is "To be completed by a Pass-through Entity Only."

This leads me to a few questions...

Do I need to fill this form out? Am I responsible for the pass through tax or only the LLET tax? Other than Form 725 and the Kentucky payment voucher form (KBR-V), is there any other form I will also need?

I've also seen references to Kentucky PTE-WH, Kentucky Schedule DE (Disregarded Entity), and Kentucky Schedule COGS. Will I need any of these forms?

TurboTax Home & Biz Windows

AmyC

Employee

Yes, you need to file the forms that match your tax status. An LLC is a legal classification and you could be filing as a corporation, which is a pass through entity.

If you are filing a sch C, you are not a pass through entity but a disregarded entity.

You should file the forms associated with the tax return you are preparing, PTE or DE.

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