Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in.  A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

Ohio form IT 1140, Schedule B, line 1 asks for the "Sum of all qualifying investors' distributive shares of income and gain." What lines from the IRS form 1065, Schedule K and IRS form 1120S, Schedule K, comprise "income and gain" on Schedule B, line 1?

For the 1065, Schedule K, lines 1 through 3 and 5 through 11 reduced by the related expenses on lines 12, 13(b), 13(c), 13(d) and 16(l).

For the 1120S, Schedule K, lines 1 through 10 reduced by the related expenses on lines 11, 12(b), 12(c), 12(d) and 14(l).