IT 1041 — Fiduciary Income Tax Return (instructions)

# preamble

M M D D Y Y M M D D Y Y Rev. 4/21/25 2025 IT 1041 - pg. 2 of 4 1. Federal taxable income (from federal Form 1041 "Taxable income" line) Include page 1 of the federal 1041 ...........................................................................................1. 2. Net Schedule I adjustments from line 46 .....................................................................................2. 3. Ohio taxable income (line 1 plus or minus line 2). Estates should skip to line 8 .........................3. 4. Trusts - Qualifying Trust Amount from line 49..............................................................................4. 5. Trusts - Apportioned income from line 52 ....................................................................................5. 6. Trusts - Modified nonbusiness income from line 55 ....................................................................6.

7. Trusts - Modified Ohio Taxable Income (sum of lines 4 through 6, if negative, enter zero) ..................7. 8. Tax liability on line 3 (estates) or line 7 (trusts). See instructions for tax tables. .....................................8. 9. Nonrefundable business credits total from PTE/FI Schedule of Credits (include copy and applicable certificate(s)) ..........................................................................................9. City State ZIP code Name of trust or estate Name of trust or estate (second line) Fiduciary name and title Address Simple trust Resident trust Irrevocable trust Testamentary trust; Complex trust; 2) Nonresident trust Bankruptcy estate Decedent's estate Check here if amended return Check here if final return Check here if federal extension filed Do not staple or paper clip. Foreign postal codeForeign country (if the mailing address is outside the U.S.)Foreign State Code Country Code Check here if "qualifying pre-income tax trust" (Attach letter of exemption) Check here if income distributed to a beneficiary Trusts Must Select ONE in Each Group: 1) Trusts Select All That Apply: Estates Must Select One: Use only black ink and UPPERCASE letters. Use whole dollars only. Reporting Period Start Date Reporting Period End Date Check below if address changed 2025 Ohio IT 1041 Fiduciary Income Tax Return Do not staple or paper clip.

MM DD YY Rev. 4/21/25 2025 IT 1041 - pg. 2 of 4

# Schedule I - Adjustments to Federal Taxable Income

Additions (See IT 1041 instructions for line item explanations at tax.ohio.gov/forms.) 24. Federal and/or non-Ohio state or local government interest and dividends not distributed .........................24.

25. Pass-through entity taxes paid/electing pass-through entity taxes paid ........................................................25.

26. Taxes paid to another state or District of Columbia related to IRS notice 2020-75 .....................26. 27. Income from an electing small business trust (ESBT) not shown in federal taxable income (include documentation) ............................................................................................................27. 28. Losses from sale or disposition of Ohio public obligations ..........................................................28. 29. Reimbursement of expenses previously deducted on an Ohio IT 1041 tax return ......................29.

Signature of fiduciary or trust officer Preparer's name (print) Title Date (MM/DD/YY) Preparer's address (include ZIP code) Fiduciary's or trust officer's phone number Preparer's phone number Preparer's e-mail address Sign Here (required): I declare under penalties of perjury that this return or claim (including any accompanying schedules and statements) has been examined by me and to the best of my knowledge and belief is a true, correct, and complete return and report. If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary. 10. Tax liability after nonrefundable credits (line 8 minus line 9) .................................................... 10. 11. Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210) ........................11. 12. Total Ohio tax liability (add lines 10 and 11) .............................................................................12. 13. Ohio IT 1041 estimated (OUPC/electronic) payments, prior year overpayment claimed on this return, and amounts previously paid with an original and/or amended return ...................13. 14. Ohio income tax withheld (include income statements) ........................................................... 14. 15. Refundable business credits total from PTE/FI Schedule of Credits (include copy and applicable certificate(s)) .................................................................................................... 15. 16. Amended return only - overpayment previously requested on original and/or amended return ........................................................................................................................16. 17. Total payments, Ohio income tax withheld and refundable business credits minus refunds previously claimed (add lines 13-15 minus line 16) ........................................................ 17. 18. Overpayment. If line 17 is more than 12, subtract 12 from 17; if negative, enter zero and skip to line 21 (Tax due) .................................................................................................... 18. 19. Amount of line 18 to be credited toward next year's liability (if this is an amended return, enter zero) ..............................................................................CREDIT CARRYFORWARD19. 20. Amount of line 18 to be refunded (subtract line 19 from line 18) .......................... REFUND20. 21. Tax due, if any (if line 12 is more than line 17, subtract line 17 from line 12; if negative, enter zero) ..............................................................................................................21. 22. Interest due on late payment of tax (see instructions) .............................................................. 22. 23. Total amount due (add lines 21 and 22). Make check payable to Ohio Treasurer of State, include Ohio IT 1041 OUPC and write FEIN on check ................................AMOUNT DUE23. Instructions for this form are available at tax.ohio.gov. Mail to: P.O. Box 2619 Columbus, OH 43216-2619 P 2025 Ohio IT 1041 Check here to authorize your preparer to discuss this return with the Department. PTIN Do not staple or paper clip.

. Rev. 4/21/25 2025 IT 1041 - pg. 2 of 4 30a. IRC §168(k) bonus depreciation and §179 expense add-back amount calculated with 2/3 add-back ratio ..........................................................................................................................30a. 30b. IRC §168(k) bonus depreciation and §179 expense add-back amount calculated with 5/6 add-back ratio ..........................................................................................................................30b. 30c. IRC §168(k) bonus depreciation and §179 expense add-back amount calculated with 6/6 add-back ratio ..........................................................................................................................30c. 31. Federal personal exemption (estates only) ................................................................................................31. 32. Federal conformity additions .......................................................................................................................32.

33. Expenses claimed on Ohio estate return (estates only) ..............................................................33.

34. Total additions (add lines 24 through 33) .....................................................................................34. Deductions - (See IT 1041 instructions for line item explanations at tax.ohio.gov/forms.) 35. Federal interest and dividends exempt from state taxation ......................................................35. 36. Certain municipal and state income tax overpayments ............................................................36. 37. Losses from an ESBT not shown in federal taxable income (include documentation) .............37. 38. Wages and expenses not deducted based on the federal work opportunity tax credit. ............38. 39. Interest income from Ohio public obligations and purchase obligations; gains from the sale or other disposition of Ohio public obligations .............................................................39. 40. Refunds or reimbursements of prior year federal itemized deductions .................................... 40. 41. Federal conformity deductions .................................................................................................. 41. 42. Farm income from a farm of at least 10 acres (trusts only) ......................................................42. 43. Deduction for prior year IRC §168(k) bonus depreciation and §179 expense add-backs ........ 43. 44. Repayment of income reported in a prior year ......................................................................... 44. 45. Total deductions (add lines 35 through 44) ...............................................................................45. 46. Net adjustments (line 34 minus line 45). Enter here and on line 2 ...........................................46.

# Schedule II - Qualifying Trust Amounts

47. Certain capital gains/ losses included in the Ohio taxable income (line 3) of a trust (see instructions) .......................................................................................................................47. 48. Ratio of the qualifying investees' physical assets in Ohio to its total physical assets ...............48. 49. Qualifying Trust Amount (line 47 times line 48). Enter here and on line 4. ................................49. Schedule I - Adjustments to Federal Taxable Income...continued. If the amount on a line is negative, place a "-" in the box provided. 2025 Ohio IT 1041

. . . ... ... . Rev. 4/21/25 2025 IT 1041 - pg. 2 of 4

# Schedule IV - Modified Nonbusiness Income for Trusts

Income/ Loss from a pass-through entity should generally be reported on Schedule III - Trust Apportioned Income. 53. Resident trusts: Portion of Ohio taxable income (line 3) not reported on lines 47 or 50 .............................................................................................................................53. 54. Nonresident trusts: Portion of Ohio taxable income (line 3) not reported on lines 47 or 50 that was derived from Ohio real or tangible property or is apportioned to Ohio under R.C. 5747.212 (see instructions) ........................................................................54. 55. Modified Nonbusiness Income (line 53 plus line 54). Enter here and on line 6 .........................55. 2025 Ohio IT 1041

# Schedule V - Apportionment Worksheet

Use this schedule to calculate the apportionment ratio for the trust's modified business income and qualifying investment income. Note: Carry all ratios to six decimal places. 56. Property a) Owned (original cost)

b) Rented (annual rental X 8) c) Total (lines 56a and 56b)

57. Payroll 58. Sales

59. Ohio apportionment ratio (add weighted ratio from lines 56c, 57 and 58). Enter ratio here and on line 51 (carry to six decimal places) .......................................................................................................................................59. Note: If the "Total Everywhere" of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%. ÷ ÷ ÷ Weight Weighted Ratio x = Ratio = Total EverywhereWithin Ohio Total EverywhereWithin Ohio Total EverywhereWithin Ohio Total EverywhereWithin Ohio Total EverywhereWithin Ohio Weight Weighted Ratio x = Ratio = Weight Weighted Ratio x = Ratio =

# Schedule III - Trust Apportioned Income

50. Portion of Ohio taxable income (line 3) less amounts included on line 47, that is business income or qualifying investment income ....................................................................50.

51. Ohio apportionment ratio from line 59 .......................................................................................51. 52. Trust's Apportioned Income (line 50 times line 51). Enter here and on line 5. ..........................52.

2025 Ohio Pass-Through Entity and Fiduciary Income Tax Schedule of Credits 2025 PTE/Fiduciary Schedule of Credits - page 1 of 2

1. Tax liability before credits (from Ohio IT 1041 line 8 or IT 4708 line 10) ...................................................................1. 2. Retirement income credit (only estate filers; include 1099-R forms) ......................................................................2. 3. Lump sum retirement credit (only estate filers; include a copy of the worksheet and 1099-R forms) ...............3. 4. Senior citizen credit (only estate filers; must be 65 or older to claim this credit) ....................................................4.

5. Lump sum distribution credit (only estate filers; include a copy of the worksheet and 1099-R forms) .............. 5. 6. Child care & dependent care credit (only estate filers) ...........................................................................................6. 7. Campaign contribution credit for Ohio statewide office or General Assembly (for estates and PTEs) ..................7. 8. Total (add lines 2 through 7) ..................................................................................................................................8. 9. Tax less credits (line 1 minus line 8; if negative, enter zero) ..................................................................................9.

10. Scholarship donation credit (for trusts, estates and PTEs; include copies of all required documentation) ...10. 11. Credit for work-based learning experiences* (for trusts, estates and PTEs) .......................................................11. 12. Ohio adoption credit carryforward (only estate filers) ..........................................................................................12. 13. Nonrefundable job retention credit* (for trusts, estates and PTEs) ......................................................................13.

14. Credit for eligible new employees in an enterprise zone* (for trusts, estates and PTEs) ....................................14.

15. Credit for commercial vehicle operator training expenses* (for trusts, estates and PTEs) ..................................15. 16. Welcome Home Ohio credit* (for trusts, estates and PTEs) ................................................................................16.

17. Transformational mixed use development tax credit* (for trusts, estates and PTEs) ..........................................17. 18. Credit for sale/rental of agricultural assets to beginning farmers* (for trusts, estates and PTEs) ........................18. 19. Grape production credit (for trusts, estates and PTEs) ........................................................................................19. 20. InvestOhio credit* (for trusts, estates and PTEs) .................................................................................................20. 21. Lead abatement credit* (for trusts and estates) ...................................................................................................21. 22. Opportunity zone investment credit* (for trusts, estates and PTEs) ....................................................................22.

23. Technology investment credit carryforward* (for trusts, estates and PTEs) ........................................................23. Entity's FEIN Many of these credits must be calculated using a worksheet and/or be supported by additional required documentation. See the instructions for worksheets and information on supporting documentation. Nonrefundable Credits *INCLUDE A COPY OF THE CREDIT CERTIFICATE

2025 Ohio Pass-Through Entity and Fiduciary Income Tax Schedule of Credits 2025 PTE/Fiduciary Schedule of Credits - page 2 of 2 24. Enterprise zone day care & training credits* (for trusts, estates and PTEs) ........................................................24. 25. Research & development credit* (for trusts, estates and PTEs) ..........................................................................25. 26. Nonrefundable Ohio historic preservation credit* (for trusts, estates and PTEs) .................................................26. 27. Ohio low-income housing credit* (for trusts, estates and PTEs) ..........................................................................27. 28. Affordable single-family housing credit* (for trusts, estates and PTEs) ...............................................................28. 29. Total (add lines 10 through 28) ............................................................................................................................29. 30. Tax less additional credits (line 9 minus line 29; if negative, enter zero) .............................................................30. 31. Nonresident credit - Ohio IT NRCE (only estate filers; include copy) ...............................................................31.

32. Resident credit - Ohio IT RCTE (for trusts and estates; include copy) ..............................................................32. 33. Total nonrefundable credits (add lines 8, 29, 31 and 32; enter here and on IT 1041 or IT 4708; see instructions) ................................................................................................................................................33.

34. Refundable Ohio historic preservation credit* .....................................................................................................34. 35. Refundable job creation credit & job retention credit* ...............................................................................................35. 36. Pass-through entity (PTE) credit (include a copy of all Ohio IT K-1s) ..............................................................36. 37. Motion picture & Broadway theatrical production credit* .....................................................................................37. 38. Film and theater capital improvements credit* .....................................................................................................38.

39. Venture capital credit* ..........................................................................................................................................39.

40. Total (add lines 34 through 39, enter here and on IT 1041 or IT 4708; see instructions) .................................40.

FEIN: *INCLUDE A COPY OF THE CREDIT CERTIFICATE The refundable credits listed below may be claimed by trust, estate and pass-through entity filers. Residency Credits Refundable Credits

. 2025 Ohio IT K-1 Use only black ink and UPPERCASE letters. Rev. 09/30/25 For taxable year beginning and ending Amended K-1 Pass-through entity / Fiduciary filing: IT 1140 IT 4708 IT 4738 Investor's/owner's/beneficiary's SSN NAICS code Part I - Investor/Owner/Beneficiary Not included on entity return Investor's/owner's/beneficiary's name Investor's/owner's/beneficiary's address City State ZIP code Foreign State Code Country Code Ownership Percentage Beginning Ending Profit-sharing ............................................. Loss-sharing .............................................. Ownership of capital .................................. Beneficiary's income distribution % (trust/estates only) .......................................................... % % % % % % %

# Part II - Entity Information

Entity name Entity address City State ZIP code Foreign State Code Country Code Entity Type Apportionment Within Ohio Total Everywhere Property ..................................................... Payroll........................................................ Sales.......................................................... Total apportionment ratio ......................................................................................................... 2025 IT K-1 - pg. 1 of 3 Investor's/owner's/beneficiary's FEIN / / /

2025 Ohio IT K-1 Use only black ink and UPPERCASE letters. Rev. 09/30/25 2025 IT K-1 - pg. 2 of 3 Part IV - Investor's/Owner's/Beneficiary's Share of Ohio Income 2a. Pass-through entity/electing passthrough entity/trust & estate income ........2a. 2b. Guaranteed payments or compensation (20% or greater investors only) ...............2b. 2c. Net Ohio depreciation adjustment ..... 2c. 2d. Total taxable income (sum of 2a through 2c for each column) .................................2d. Total Ohio Part V - Investor's/Owner's/Beneficiary's Share of Ohio Tax Credits 3. Direct pass-through entity credit (Ohio tax paid by this entity after nonrefundable business credits and refunds) ......................................................................................................................................................3. 3a. Total amount to be added back from direct tax paid on an IT 4738 (Line 1 of the EPTE Add-back Schedule) ................................................................................................................................................3a. 3b. Total amount to be added back from direct entity tax paid to other states (Line 1 of the EPTE Add-back Schedule) .................................................................................................................................................3b. 4. Indirect pass-through entity credits or withholding (attach IT K-1/W2/1099) .........................................4. Include the FEIN for any indirect pass-through entities 4a. Total amount to be added back from indirect tax paid on an IT 4738 (Line 2 of the EPTE Add-back Schedule) ......................................................................................................................................................4a. 4b. Total amount to be added back from indirect entity tax paid to other states (Line 2 of the EPTE Add-back Schedule) ............................................................................................................................................4b. 5. Refundable business credits .................................................................................................................5.

5a. Credit type code ..............5a. Percentage of credit claimed .....................................5a. 5b. Credit type code ..............5b. Percentage of credit claimed .....................................5b. 5c. Credit type code ..............5c. Percentage of credit claimed .....................................5c. 6. Nonrefundable business credits ............................................................................................................6. 1a. Current year IRC §168(k) bonus depreciation & §179 expense .............................................................1a. 1b. Total deduction of prior year IRC §168(k) bonus depreciation & §179 expense Ohio add-backs .1b. Part III - Investor's/Owner's/Beneficiary's Ohio Depreciation Adjustments OhioTotal FEIN:

2025 Ohio IT K-1 EPTE Add-back Schedule Rev. 09/30/25 Use the Ohio IT K-1 EPTE Add-back Schedule to report the tax paid by this entity or by an electing pass-through entity directly or indi - rectly owned by this entity on the Ohio IT 4738, Electing Pass-Through Entity Income Tax Return and/or on another state's entity income tax return. Include the electing pass-through entity tax paid (IT 4738 payments submitted) and income tax paid to other states in this schedule if it was included as a specified income tax payment and reflected in the partner's or shareholder's distributive or pro-rata share of non-separately stated income or loss reported on IRS Schedule K-1 or a similar form pursuant to IRS Notice 2020-75 or any similar guidance issued by the Internal Revenue Service. An individual taxpayer is required to add back their proportionate share of IT 4738 and other states entity taxes paid on the IT 1040, Ohio Schedule of Adjustments, if not included in federal or Ohio adjusted gross income. A trust or estate is required to add back its propor - tionate share of IT 4738 and other states' entity taxes paid on the IT 1041, Schedule I, if not included in federal or Ohio taxable income. Reporting this information to your partners or shareholders will assist in the proper determination of the add-back. See R.C. 5747.01(A) (36), (A)(41), (S)(15), and (S)(16). Enter on line 3a of the Ohio IT K-1 Enter on line 4a of the Ohio IT K-1 Line 1: Ohio IT 4738 and other states specified income tax payments reported by this entity for federal income tax purposes: FEIN: Direct IT 4738 Tax Paid: Direct Tax Paid to Other States:

Line 2: Ohio IT 4738 and other states' specified income tax payments reported by an entity directly or indirectly owned by this entity for federal income tax purposes: FEIN: Indirect Tax Paid: Indirect Tax Paid to Other States Total Indirect IT 4738 Tax Paid: Total Indirect Tax Paid to Other States: Line 3: Ohio IT 4738 specified income tax payments reported by this entity for federal income tax purposes: Total IT 4738 Tax Paid: Line 4: Other states' specified income tax payments reported by this entity or an entity directly or indirectly owned by this entity for federal income tax purposes: Total Tax Paid to Other States: Enter on line 3b of the Ohio IT K-1 Enter on line 4b of the Ohio IT K-1 2025 IT K-1 - pg. 3 of 3 FEIN: