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.

Is interest income from a K-1 generally considered business income, available for the business income deduction?

Whether income qualifies for business income is a very fact intensive analysis. We recommend you watch the OVTA presentation from August 2017 by Matt Dodovich and Jonathan Brown, where business income was thoroughly discussed.