us-oh/stat
Ohio Rev. Code § 5747.23
Taxing trust income
# (A)
With respect to a trust, one or more of the beneficiaries of which are liable for the tax imposed by section 5747.02 of the Revised Code, the business income and deductions included in the income of such trust shall be allocated to this state in the hands of such trust pursuant to section 5747.21 of the Revised Code. Such trust business income and deductions shall then be allocated to the beneficiaries in proportion to their right to share in the business income of such trust to the extent of the distribution made to the beneficiary.
# (B)
With respect to a trust described in division (A) of this section, the nonbusiness income and deductions included in the income of such trust shall be allocated to the beneficiaries in proportion to their right to share in such income and deductions of the trust, and then the share of each beneficiary shall be allocated to this state in the hands of such beneficiary pursuant to section 5747.20 of the Revised Code.
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In this chapter (40 sections)
- 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…
- 5747.46 · Library and local government support fund definitions
- 5747.47 · Estimating, certifying and distributing of county's share of…