Form IT-1140, Schedule E or Form 4708, Schedule V calculating for all partners: 1065 Ohio (OH)

Form 4708
By default Form 4708, Schedule V includes all partners. Form IT-4708 is the composite return. Select
File
, then
Client Properties
. The composite return can be filed for all partner types except C-corporations. The composite Schedule V, Investor information includes those investors participating in the filing of the composite return as well as those not participating in the filing of the composite return. This schedule is purely for informational purposes. The amount of composite tax paid for composite filers will also be displayed.
Form IT-1140
Form IT-1140 is a withholding return and needs to be completed for all qualified investors. The instructions give a detailed list of who isn't a qualified investor, one of which is any partner included in the composite return (IT-4708). Resident partners won't get withholding. However, Schedule E should be completed for all investors, whether they are participating in the filing or not. This includes resident and non-resident investors. This schedule is strictly for informational purposes only. Also, if a partner files their own pass-through entity return, they're not a qualified investor.
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