Form Ir - Income Tax Return - Sharonville, Ohio - 2016 Page 2
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2Page 2
Worksheet A : W-2 Income
A
B
C
D
E
F
Line
Credit Allowed
(Lower of
Local City tax
Column D, E or
W-2 Qualifying
was withheld
Local
Local Taxes
Maximum
100% of tax
Wages
to
Wages
Withheld
Credit (Col.
withheld to
(usually Box 5)
(Box 20)
(Box 18)
(Box 19)
C x 1.5%)
Name of Employer
Sharonville)
1
2
3
4
5
6
Totals:
7
Enter Total in 7A on Page 1, Line 1
Worksheet B: Deductions from Income
Amount
Name of Employer
2106 expenses
8
(Limited to amount deducted on Federal 1040 Schedule A)
(Attach Federal Schedule A and 2106)
3903 expenses
9
(attach Federal 3903)
Total: Enter on Page 1, Line 5
10
B
C
D
Worksheet C:
Net Profit/Loss from Business Activity
Profit
Loss
Total
Schedule C Income
11
Schedule F income
12
Schedule E income from Rental Income
13
Other Schedule E income *
14
Ordinary Income or Loss (attach Federal 4797)
15
Prior Year Loss Carry-Forward
16
(limited to 3 years)
If positive enter Col. D Total on
Totals
17
Page 1, Line 2
If Total Taxable Business Income is negative, no credit is allowed; current year losses may be carried forward for three years
* S Corps and partnerships doing business within the City of Sharonville must file a separate business return to report
income earned in our city.
List each municipality separately & add another page if needed
Worksheet D for Residents Only:
Attach copies of all other local tax returns for credit
Credit for Business Earnings Tax
E
A
B
C
D
Maximum
Local
Credit (Col.
Credit Allowed (Lower of
Municipality taxes were paid to:
Tax Rate
Profit
Taxes paid
B x 1.5%)
Column C or D)
18
19
20
21
22
23
Total Possible Credits
24
Maximum Credit Allowed (Worksheet C, Line 17D x 1.5%)
25
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Parent category: Financial