Form It-2023 - Income Allocation And Apportionment

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IT-2023
Income Allocation and Apportionment 20____
Rev 1/02
Ohio Worksheet
Section I – Business Income
Taxpayer’s Name:
SSN:
Business Name:
FEIN:
Complete a separate worksheet for each business entity in
Note: Use this worksheet to apportion the taxpayer’s share of
business income and deductions included in Ohio adjusted
which you hold an ownership interest. Attach this worksheet to
gross income from sole proprietorship or a pass-through entity.
Ohio form IT-1040 or IT-1041E. Do not use this form to allocate
See Ohio Revised Code sections 5747.21, 5747.22, 5747.221,
and apportion income from a financial institution (as defined in
5747.23, and 5747.231.
Ohio Revised Code section 5725.01). For assistance, please
contact the Department at (614) 433-7698.
A. Business Income and Deductions
1. Self employment income (Federal Schedule C or F) and guaranteed payments and compensation
received from the pass-through entity in which you have at least a 20% direct or indirect ownership interest .............
____________________
2. Ordinary Income (loss) from trade or business activities (to the extent not shown on line 1) .............................................
____________________
3. Net income (loss) from rental activities .................................................................................................................................
____________________
4. Net royalties ...........................................................................................................................................................................
____________________
5. Interest income ......................................................................................................................................................................
____________________
6. Dividend income ....................................................................................................................................................................
____________________
7. Net capital gain (loss) and other gain (loss) .........................................................................................................................
____________________
8. Other items of income and gain separately stated on Federal Schedule K-1 .....................................................................
____________________
9. Other items of deduction and loss separately stated on Federal Schedule K-1 if such deductions
are allowable in computing Federal Adjusted Gross Income ...............................................................................................
____________________
10. Total business income (loss) .................................................................................................................................................
____________________
11. Less: deductions from business income (Note: Do not show here any amount shown on Ohio form IT-1040, Schedule A.)
a.
KEOGH retirement deduction ..............................................................................................
__________________
b.
One-half of self-employment tax ..........................................................................................
__________________
c.
Self-employed health insurance deduction .........................................................................
__________________
d.
Other (describe) ...................................................................................................................
__________________
e.
Total of lines 11a–11d ...........................................................................................................
__________________
12. Net business income (line 10 minus line 11e; enter here and on Section III, line 1, column A) ..........................................
____________________
13. Ohio apportionment ratio (from Part B, line 7, below) ..........................................................................................................
____________________
14. Total business income apportioned to Ohio (multiply line 12 by line 13 enter here and on
Section III, line 1, column B) .................................................................................................................................................
____________________
15. Total business income not apportioned to Ohio (line 12 minus line 14; enter here and on
Section III, line 1, column C) .................................................................................................................................................
____________________
B. Apportionment Formula for Business Income See detailed instructions on pages 2-4.
(1)
(2)
(3)
Total
Total
Ratio (Carry numbers
Ohio
Everywhere
to six decimal places)
1.
Property (a) Owned (average cost) .................................................
__________________
__________________
(b) Rented (annual rental X 8) ........................................
__________________
__________________
÷
.
=
(c)
Total .............................................................................
__________________
__________________
__________________
÷
.
=
2.
Payroll ...................................................................................................
__________________
__________________
__________________
÷
.
=
3.
Sales .....................................................................................................
__________________
__________________
__________________
÷
.
=
4.
Sales .....................................................................................................
__________________
__________________
__________________
÷
.
=
5.
Sales .....................................................................................................
__________________
__________________
__________________
6.
Total of Column 3, lines 1(c) through 5 ...................................................................................................................................
__________________
7.
Ohio Apportionment ratio (line 6 divided by the number 5 or
.
by the number of factors used; enter in Part A, line 13, above) .............................................................................................
__________________
-5-

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