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 recently performed the bonus depreciation addback. I have since sold my business and moved out of Ohio, but I still have additional years I could have taken the depreciation deduction. Since I have not received the total benefit of the depreciation for Ohio income tax purposes, can I accelerate the remaining depreciation deductions on my final Ohio tax return?

No. Under Ohio law, the deduction cannot be accelerated; it must be taken in equal increments over the subsequent tax years. See O.R.C. 5747.01(A)(21)(a). If the taxpayer has other Ohio sourced income, the deduction can be used to offset the tax liability on their future Ohio return.