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April 12, 2024
Question

Ohio PTE state tax credit

  • April 12, 2024
  • 1 reply
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The Ohio schedule of credits includes a pass through entity refundable credit. I have this credit listed on my Ohio IT K1, but I'm not seeing the option to claim this credit in TurboTax online.

1 reply

PatriciaV
Employee
April 17, 2024

In the Ohio state interview, look for a page "Did you have any business income?" and say yes.

  1. Continue to the page with a list of the K-1s you received.
  2. Edit each K-1 to be sure the information is correct.
  3. Continue through the interview to the page "Pass-Through entity add-back for taxes paid to Ohio." 
  4. Enter the amount of Ohio state taxes that were paid on your behalf.
  5. Continue through the interview. You will see the PTET topic again on the page "Here's income that Ohio handles differently." There is no need to revisit this topic. 
  6. On the page "Enter your pass-through entity credit," complete the boxes for the PTET paid for you.

 

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