us-oh/stat
Ohio Rev. Code § 5747.22
Apportioning and allocating income and deductions of pass-through entities
# (A)
This section applies solely for the purposes of computing the credit allowed under division (A) of section 5747.05 of the Revised Code and computing income taxable in this state under division (D) of section 5747.08 of the Revised Code.
# (B)
With respect to a pass-through entity, one or more of the pass-through entity investors of which are liable for the tax imposed by section 5747.02 of the Revised Code, the business income and deductions of the pass-through entity shall be apportioned to this state in the hands of the pass-through entity investors pursuant to section 5747.21 of the Revised Code. The business income and deductions as thus apportioned to this state then shall be allocated to the pass-through entity investors in proportion to their right to share in that business income.
# (C)
With respect to a pass-through entity described in division (B) of this section, the nonbusiness income and deductions of the pass-through entity shall be allocated to the pass-through entity investors in proportion to their right to share in the nonbusiness income, and then the pass-through entity shares shall be allocated to this state in the hands of each pass-through entity investor pursuant to section 5747.20 of the Revised Code.
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In this chapter (40 sections)
- 5747.07 · Employers to file return and pay withholding
- 5747.08 · Filing income tax return
- 5747.09 · Declaration of estimated taxes
- 5747.10 · Amended returns
- 5747.011 · Gain or loss included in trust's Ohio taxable income
- 5747.11 · Refunds - interest
- 5747.012 · Tax treatment of qualifying investment income from…
- 5747.12 · Applying refund to satisfy debt to state
- 5747.013 · Calculating a trust's modified Ohio taxable income
- 5747.13 · Liability of employer for failure to file return or collect…
- 5747.14 · Imposing jeopardy assessments
- 5747.15 · Failure to file or remit tax - filing frivolous, dilatory or…
- 5747.16 · Secretary of state agent for service of process on…
- 5747.17 · Maintaining records
- 5747.18 · Powers of tax commissioner
- 5747.19 · Filing incomplete, false, and fraudulent returns
- 5747.20 · Allocating nonbusiness income or deduction
- 5747.021 · School district income tax
- 5747.21 · Apportioning business income or deduction
- 5747.022 · Tax credits for exemptions
- 5747.22 · Apportioning and allocating income and deductions of…
- 5747.023 · Tax credits for armed forces member killed in combat or…
- 5747.23 · Taxing trust income
- 5747.024 · Military pay not included in adjusted gross income
- 5747.24 · Presumption of domicile
- 5747.025 · Personal exemptions
- 5747.026 · Extensions for filing and payment by members called to…
- 5747.26 · Lead abatement tax credit
- 5747.27 · Credit for displaced worker who pays for job training to…
- 5747.28 · Credit for purchase of qualifying property by taxpayer…
- 5747.30 · Exemption for nonresident pass-through entities as to…
- 5747.031 · Separate reporting of business and nonbusiness income tax…
- 5747.38 · Pass-through entity income tax
- 5747.39 · Pass-through entity owner credit
- 5747.40 · Definitions relating to qualified pass-through entities
- 5747.41 · Withholding tax on qualifying pass-through entity or trust…
- 5747.42 · Filing annual return
- 5747.43 · Filing estimated tax return and making estimated payments
- 5747.44 · Tax payment by electronic funds transfer
- 5747.45 · Taxable year; method of accounting; amended reports with…