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.

Does the 20% or greater ownership requirement apply only to guaranteed payments and compensation or does it also apply to ordinary income reported on a K-1?

The 20% or greater requirement only applies to wages, guaranteed payments and/or compensation paid by the pass-through entity. Ordinary income should be included on the IT BUS regardless of ownership percentage, assuming it meets the definition of business income.