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.

I performed the required depreciation addback in a prior year. I do not have sufficient income to utilize the entire deduction to which I am entitled for this tax year. Can I use only the amount of deduction I need and carry forward the remaining amount for a future year?

No. The deduction must be taken in equal increments in consecutive tax years and any unused portion from any given tax year is not eligible to be carried forward.  See R.C. 5747.01(A)(21)(a).