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.

If a taxpayer’s ownership percentage in an entity changed during the tax year, what percentage should be reported on Part 4 of the IT BUS?

The taxpayer should report the highest percentage owned at any point during the taxable year.