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 net business income from all sources is negative, do they need to complete the entire IT BUS?

No. If the taxpayer completes Part 1 of the IT BUS and the net business income reported on line 8 is 0 or negative, the taxpayer will have no Business Income Deduction or tax on business income and will not need to complete Part 3 of the IT BUS.