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 should report leased property?

The lessor (leasing company) is the owner and is required to report the property, unless the lessee (person leasing the property) is contractually required to purchase the property at the end of the lease. In that situation, the lessee is considered the owner and would report the property. A $1 purchase option at the end of the lease term is not considered to obligate the lessee to purchase the property.