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.

What if a taxpayer holds a 20% or greater interest in the pass-through entity at the beginning of the year but holds less than a 20% interest at the end of the year?

As long as the taxpayer held a 20% or greater interest in the pass-through entity at any point throughout the taxable year, any compensation/wages paid by that pass-through entity to the individual can be considered business income and included on the IT BUS, line 5.

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