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To calculate Form 1140 Pass-Through Entity and Trust Withholding Tax Return, there must be at least one non-resident beneficiary and the tax calculated on 1140 page 3, line 5 must be greater than $50.

Page 3

When filing Form 1140, the state requires you to complete only pages 1, 2, and 4. If you want to complete page 3, you can fill it out manually using the form in the Non Calculating folder.

Taxable income on page 4

The different income types that go into figuring the taxable income for page 4 are:

• Line 1
  • All distributions to the nonresident beneficiaries (K1 Line 4, or Grantor “NR Grantor Info”)
  • Nonresident beneficiary’s share of US Obligations (K1 Line 3a Or Grantor “Fed Int / Div exempt from state taxation”)
• Line 2a
  • Nonresident beneficiaries’ share of the 5/6th 168k bonus add back (K1 Line 2e, Grantor “Add back the Depr Adj..”)
  • Nonresident beneficiaries’ share of Misc Fed tax add back (K1 2f, Grantor “Lump Sum add back and Misc Fed…”)

• Line 2b
  • Nonresident benficiaries’ share of US Obligations (K1 Line 3a Or Grantor Fed Int / Div exempt from state taxation)
  • Nonresident beneficiaries’ share of PY Bonus Depreciation Deduction (K1 Line 3g, Grantor “One fifth bonus depr added back”)
  • Nonresident beneficiaries’ share of gains from OH Municipal Bonds, (K1 3d, Grantor “Interest income from OH Pub Obs”) (Fed >> Inc Ded>> Cap Gains>> Gains with state use code 1)
• Line 3
  • Line 1 + Line 2a – Line 2b
  • Line 4 = .05
• Line 5
  • Line 3 * Line 4

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