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.

Who is required to make these depreciation adjustments?

The following persons are required to make Ohio’s depreciation adjustments on their tax return:

  • Individual income taxpayers (on form IT 1040),
  • Trust and estate income taxpayers (on Ohio form IT 1041),
  • Pass-through entity taxpayers (on form IT 4708) and qualifying entities (on form IT 1140).

However, a person is not required to make Ohio’s depreciation addback in either of the following circumstances:

  • The depreciation is from a pass-through entity, and the person owns less than 5% of the entity. This is true even if the pass-through entity performed the addback on its Ohio filing (i.e. the IT 1140 or IT 4708).
  • The depreciation is from a business that increased its Ohio employer withholding, and the depreciation is less than or equal to that increase.

See R.C. 5747.01(A)(20), 5747.01(S)(14), and 5733.40(A)(5).