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.

Where do I report interest, dividends, capital gains, rents and royalties on form IT NRC?

Nonbusiness income and business income are reported in different sections of the IT NRC. Depending on how they are earned, interest, dividends, capital gains, rents and royalties may be nonbusiness income or business income.

Amounts that are nonbusiness income should be reported on the appropriate line of Section I. Amounts that are business income should be reported on the appropriate line of the Section III completed for the business that generated the income. These amounts will ultimately be reported on line 5 of Section I.

No item of income can be included on the IT NRC as both nonbusiness and business income.

See R.C. 5747.20, 5747.22, and 5747.231.

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