IT 4738 — Electing Pass-Through Entity Income Tax Return (Ohio PTET, instructions)

# preamble

202 5 Ohio IT 4738 Electing Pass-Through Entit y Income Tax Return Use only black ink and UPPERCASE letters. Use whole dollars only.

2025 IT 4738 - pg. 1 of 4 Reporting Period Start Date Reporting Period End Date Check here if 52/53-week filer Check here if federal extension filed FEIN: Check here if amended return Check here if final return Entity Type (check only one): S corporation Partnership Limited liability company Name of electing pass-through entity Address City State ZIP code Check below if address changed Foreign State Code Country Code Foreign country (if the mailing address is outside the U.S.) Foreign postal code Total number of owners Apportionment ratio, line 4 Ohio charter or license no. Do not staple or paper clip

# MM DD YY

.............................................................................. 1. .................................................................................. 2. ......................................................... 3. ................................................................................... 4. ...................................................... 5. .............................................................................................................. 6. .............................................................................................................. 7. ............ 8. ................................................ 9. ..................... 10. ............... 11. ......................................................................................................................... 12. .............................................. 13. ................................ 14. . Y M M D D Y Y M M D D Y .

1. Total business income (loss) (from line 36) 2. Total business deductions (from line 42) 3. Net apportionable business income (line 1 minus line 2) 4. Ohio apportionment ratio (from line 46) 5. Business income apportioned to Ohio (line 3 times line 4) 6. Net nonbusiness income allocated to Ohio (include explanation and supporting schedules) 7. Net nonbusiness loss allocated to Ohio (include explanation and supporting schedules)

8. Qualifying taxable income (sum of lines 5 and 6 minus line 7, if negative, enter zero) 9. Tax liability (line 8 times tax rate, see instructions for tax rate) 10. Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210) 11. Ohio IT 4708, IT 1140, and/or IT 4738 estimated (OUPC/electronic) payments, prior year overpayments claimed on this return, and amounts previously paid with an original and/or amended 2025 return. Do not include pass-through entity (PTE) credits on this line 12. Amended return only - overpayment previously requested on original and/or amended IT 4738 return 13. Total net Ohio estimated tax payments (line 11 minus line 12) 14. Pass-through entity (PTE) credit total (include IT K-1(s) from issuer(s))

15. Total Ohio tax payments and PTE credits (sum of lines 13 and 14) 16. Overpayment (line 15 minus sum of lines 9 and 10; if negative, enter zero)

If line 16 is a positive amount, continue to line 17; OTHERWISE, continue to line 19 17. Amount of line 16 to be CREDITED toward next year's liability (if this is an amended return, enter zero) CREDIT CARRYFORWARD

18. Amount of line 16 to be REFUNDED (line 16 minus line 17) REFUND 19. Net amount due (sum of lines 9 and 10 minus line 15, if negative, enter zero) 20. Interest due on late payment of tax (see instructions) 21. Total amount due (add lines 19 and 20). Make check payable to Ohio Treasurer of State, include Ohio IT 4738 OUPC and place FEIN on check AMOUNT DUE 2025 IT 4738 - pg. 2 of 4 If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary. 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. Electing pass-through entity officer or agent (print) Title of officer or agent (print) Phone number Signature of electing pass-through entity officer or agent Date (MM/DD/YY) Preparer's name (print) Phone number Preparer's e-mail address PTIN P

Check below to authorize your preparer to discuss this return with the Department Instructions for this form are available at tax.ohio.gov. Mail to: P.O. Box 181140 Columbus, OH 43218-1140

# Schedule I - Income and Adjustments

Amounts reflected in Schedule I and Schedule II are the combined amounts from the federal Schedule K-1s for the taxable year for all owners. Include with this return a copy of the applicable federal 1120S/1065 and K-1s of all owners. 22. Ordinary business income (loss) 23. Related member adjustments for expenses or losses incurred by the electing pass-through entity 24. Guaranteed payments that the electing pass-through entity made to each owner if such owner directly or indirectly owns at least 20% of the electing pass-through entity

25. Compensation that the electing pass-through entity paid to each owner if such owner directly or indirectly owns at least 20% of the electing pass-through entity. Reciprocity agreements do not apply 26. Net income (loss) from rental activities other than amount shown on line 22 27. Interest income 28. Dividends 29. Royalties 30. Net short-term capital gain (loss) ..............................................15. .................................16. ..................................  17. ....................................  18. .................................... 19. ..................................................................20. .................................. 21. ...................................................................................................22. ........23. ......................24. ........................................................................................................................25. ...............................26. ............................................................................................................................ 27. .....................................................................................................................................28. .......................................................................................................................................29. ..................................................................................................30.

31. Net long-term capital gain (loss). Exclude from this line any capital loss carryforward amount. Note: If adding lines 30 and 31 results in a net loss, see instructions

32. Net gain (loss) under IRC § 1231 33a. IRC §168(k) bonus depreciation and §179 expense add-back amount calculated with 2/3 add-back ratio

33b. IRC §168(k) bonus depreciation and §179 expense add-back amount calculated with 5/6 add-back ratio 33c. IRC §168(k) bonus depreciation and §179 expense add-back amount calculated with 6/6 add-back ratio 34. Other income or deduction (include explanation and supporting schedule) 35. Federal conformity additions 36. Total business income (loss)(add lines 22-35; enter here and on line 1) 2025 IT 4738 - pg. 3 of 4

# Schedule II - Deductions

List only those deductions that have not already been used to reduce any income items included on Schedule I. 37. IRC § 179 expense not deducted in calculating line 22

38. Deduction of prior year IRC §168(k) bonus depreciation and §179 expense add-backs 39. Net federal interest/dividends exempt from state taxation 40. Exempt gains from the sale of Ohio state or local government bonds 41. Federal conformity deductions 42. Total business deductions (add lines 37-41; enter here and on line 2) .................................................31. ..................................................................................................32. ......................................................................................................................33a. ......................................................................................................................33b. ...................................................................................................................... 33c. .................................34. .........................................................................................................35. .......................................36. ................................................................37. ..............38. ............................................................39. ..........................................40. ......................................................................................................41. .........................................42.

# Schedule III - Apportionment Worksheet

Use this schedule to calculate the apportionment ratio for an electing pass-through entity. Note: Carry all ratios to six decimal places. 43. Property a) Owned (original cost) Within Ohio Total Everywhere b) Rented (annual rental X 8) Within Ohio T otal Everywhere c) Total (lines 43a and 43b) Within Ohio ÷ Total Everywhere Ratio x Weight = Weighted Ratio 44. Payroll Within Ohio ÷ Total Everywhere Ratio x Weight = Weighted Ratio 45. Sales Within Ohio ÷ Total Everywhere = = = Ratio x Weight = Weighted Ratio 2025 IT 4738 - pg. 4 of 4

...................................... 46. . .. . .. . .. . 46. Ohio apportionment ratio (add lines 43c, 44 and 45). Enter ratio here and on line 4 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%.