Form It-2023 - Income Allocation And Apportionment (Page 2 of 2) in pdf

Taxpayer’s Name:

SSN:

Section II – Nonbusiness Income

See detailed instructions on page 5.

Note 1: Use this worksheet to allocate, in accordance with Ohio

apportion (rather than allocate) using the Business Income por-

Revised Code sections 5747.20, 5747.22, 5747.221 and

tion of the Worksheet (see Section 1).

5747.23, all items of nonbusiness income and deductions in-

cluded in Ohio adjusted gross income. In general, pass-through

Note 2: Do not include in Section II either guaranteed payments

income, deductions, gains and losses recognized by a limited

or compensation you received from a pass-through entity in which

liability company, sole proprietorship, partnership, trust or S cor-

you have at least a 20% direct or indirect ownership interest. Show

poration are items of business income which the taxpayer must

such compensation in Section 1, Part A, line 1.

Total

Ohio

Non-Ohio

Nonbusiness Income

Income

Note: Do not show here any amount shown on

(A)

(B)

(C)

Ohio form IT-1040, Schedule A.

1. Wages, Salaries, Tips, Guaranteed Payments (See Note 2, above) ..

__________________

2. State and Local Tax Refunds ...............................................................

__________________

3. Alimony Received .................................................................................

__________________

4. Pensions, Annuities, IRA Distributions .................................................

__________________

5. Unemployment Compensation .............................................................

__________________

6. Social Security Benefits .......................................................................

__________________

7. Interest, dividends, capital gain (loss) and other income (loss)

but only if these items are nonbusiness income and are not

associated with a sole proprietorship or pass-through entity

(describe) ..............................................................................................

__________________

8. Total Nonbusiness Income (Add lines 1 through 7) ............................

__________________

Deductions from Nonbusiness Income

Total

Ohio

Non-Ohio

Note: Do not include here any amount included

(A)

(B)

(C)

on Ohio form IT-1040, Schedule A.

9. IRA Deduction ......................................................................................

__________________

10. Medical Savings Account .....................................................................

__________________

11. Penalty on Early Withdrawal ................................................................

__________________

12. Moving Expense ...................................................................................

__________________

13. Alimony Paid ........................................................................................

__________________

14. Other Deductions (describe) ................................................................

__________________

15. Total Deductions (Add lines 9 through 14) ...........................................

__________________

16. Net Nonbusiness Income (line 8 minus line 15; enter here and in

Section III, line 2, columns (A), (B), and (C), respectively ..................

__________________

Section III – Summary of Business and Nonbusiness Income

Note 1: The amount shown on line 5, column (A), below, should

line 5, column (C), below, is the portion of Ohio Adjusted Gross

be the same amount shown either on line 3 of Ohio form IT-1040

Income that was not earned or received in Ohio. Enter the amount

on line 7 of Ohio Form IT-1041E.

shown on line 5, column (C), below, on the appropriate line of

Schedule D of the Ohio income tax return, form IT-1040 (for indi-

Note 2: For nonresidents and part-year residents, the amount on

viduals) or form IT-1041E (for estates).

Total

Ohio

Non-Ohio

(A)

(B)

(C)

1. Business Income (enter in columns A, B and C the amounts from

Section I, lines 12, 14 and 15, respectively) .......................................

__________________

2. Net Nonbusiness Income (enter in columns A, B and C the amounts

from Schedule II, line 16, above) .........................................................

__________________

3. Total Business and Nonbusiness Income (Add lines 1 and 2) ............

__________________

4. Form IT-1040, Schedule A adjustments ...............................................

__________________

5. Line 3 plus or minus line 4 (see Notes #1 and #2, above) .................

__________________

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Form It-2023 - Income Allocation And Apportionment Page 2

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