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This document provides the instructions and the form necessary to file the Ohio Estate Tax Return for estates with dates of death between January 1, 2002, and December 31, 2012, with a gross value

How to fill out ohio estate tax return

How to fill out Ohio Estate Tax Return and Instructions

1. Obtain the Ohio Estate Tax Return form (ET-1) from the Ohio Department of Taxation website or local tax office.
2. Read the instructions carefully to understand the requirements and deadlines.
3. Gather necessary documents, including the deceased's will, death certificate, and asset valuations.
4. List all assets and liabilities of the deceased on the form accurately.
5. Calculate the gross estate value, deducting any valid expenses and debts.
6. Determine if any exemptions apply to your estate.
7. Complete the estate tax return, making sure all calculations are correct.
8. Sign the return as the executor or administrator of the estate.
9. Submit the completed return by the due date along with any required payments if applicable.

Who needs Ohio Estate Tax Return and Instructions?

1. Any estate in Ohio with a gross value exceeding the threshold set by the state laws requires filing an Ohio Estate Tax Return.
2. Executors or administrators of estates are responsible for filing the return on behalf of the deceased.
3. Beneficiaries or heirs may also need to be aware of the return if it impacts their inheritance.

People Also Ask about

What triggers an estate tax return?

An estate tax return is required if the gross value of the estate is over a certain threshold. For individuals who die in 2025, the threshold is $13.99 million (up from $13.61 million in 2024). Almost anything belonging to the deceased with a tangible cash value is included in the value of the estate.

Is there an estate tax on inheritance in Ohio?

There is no inheritance tax in Ohio. However, other states' inheritance tax may apply to you as an Ohio resident. For instance, in Pennsylvania, the inheritance tax applies to out-of-state heirs if the deceased lived in the state.

How do I file a tax return for a deceased person in Ohio?

If you file the return online, the IRS provides instructions on all of this. If you are filing a paper return, you must write “Deceased,” the decedent's name, and the date of death at the top of the 1040 form. An appointed personal representative and/or surviving spouse must sign this return per IRS guidelines.

Does Ohio require an estate tax return?

Ohio is one of 38 states that doesn't tax estates, regardless of size.

Does an estate have to file a state tax return?

Most will never have to file the federal estate tax return; however, some will have to file the state estate tax return if you live in one of the twelve states (and the District of Columbia) that impose an estate tax.

Do I have to file an Ohio estate tax return?

The Ohio Estate Tax has been repealed for the estates of individuals dying on or after January 1, 2013. Under this repeal of the Ohio Estate Tax, NO OHIO ESTATE TAX RETURNS should be filed for individuals dying on or after January 1, 2013.

What is the difference between estate tax return and inheritance tax return?

In the case of an estate tax, it is the deceased and their estate. By contrast, an inheritance tax requires the deceased's inheritor or heir to pay in order to receive the assets. Estate tax can come on both a federal and state level, but inheritance only comes in the latter.

What information is needed for an estate tax return?

We need some general background information on the decedent, most of which is available on the death certificate. Really, the meat and potatoes of the return is the inventory of the decedent's assets; listing out every account, every financial asset, every investment and providing a valuation of them.

For pdfFiller’s FAQs

What is Ohio Estate Tax Return and Instructions?

The Ohio Estate Tax Return is a legal document that must be filed to report the estate's value and determine any estate tax owed by the deceased individual’s estate.

Who is required to file Ohio Estate Tax Return and Instructions?

Any estate with a gross value exceeding the exclusion amount set by Ohio law at the time of death is required to file the Ohio Estate Tax Return.

How to fill out Ohio Estate Tax Return and Instructions?

To fill out the Ohio Estate Tax Return, you must gather necessary documents such as the will, asset valuations, and debts, then provide this information in the prescribed format according to the provided instructions.

What is the purpose of Ohio Estate Tax Return and Instructions?

The purpose of the Ohio Estate Tax Return and Instructions is to ensure compliance with state tax laws by reporting the estate's value and calculating taxes owed.

What information must be reported on Ohio Estate Tax Return and Instructions?

The information that must be reported includes the decedent's details, a list of all assets and liabilities, the value of the estate, deductions, and any other relevant financial information.