A friend and I have a 2 member LLP located in ohio where one memeber used to live until he moved to Dallas.
Our income is pretty minimal every year <$1000. We have been filing federal forms and creating K-1 forms for both of us to use in our personal taxes.
My question is from a state perspective, do we need to pay personal taxes in Ohio in addition? Seems redundant that we pay federal and 2x states , but maybe thats the case. We have been submitting the
IT 4708
Composite Income Tax
Return for Certain
Investors in a
Pass-Through Entity
since weve had this LLP...just cant find an answer as to if we are required to..im sure Ohio loves the extra $
Our income is pretty minimal every year <$1000. We have been filing federal forms and creating K-1 forms for both of us to use in our personal taxes.
My question is from a state perspective, do we need to pay personal taxes in Ohio in addition? Seems redundant that we pay federal and 2x states , but maybe thats the case. We have been submitting the
IT 4708
Composite Income Tax
Return for Certain
Investors in a
Pass-Through Entity
since weve had this LLP...just cant find an answer as to if we are required to..im sure Ohio loves the extra $