Article: 50599
KY – Limited Liability Entity Tax Credit Worksheet
This worksheet is used to calculate the Limited Liability Entity Tax Credit and, if applicable, the Inventory Tax Credit for Kentucky filers.
⚠️ Note: An amount must be entered on Line 2 in order for the credit to be applied.
KY INV – Inventory Tax Credit Worksheet
This section is used to report the Distributive Share of Allowable Inventory Tax Credit for the entity listed above.
How to Add This Screen
- Click on the State Taxes section on the left-hand side of the screen.
- Click the link I’d like to see the forms I’ve filled out or search for a form.
- Use the dropdown to select Kentucky.
- Under the SMLLC tab, click Limited Liability Entity Tax Credit Worksheet.
Further Information
Visit the Kentucky Department of Revenue – Individual Income Tax page for additional details:
https://revenue.ky.gov/Individual/Individual-Income-Tax/Pages/default.aspx