Toledo Resident Individual Tax Return Form Instructions

Line 5a - Subtract line 4 from Line 3, if zero or less, enter zero here; otherwise enter the result here and on Line 12 of

Part C.

Line 5b - This line is only for use by Toledo residents who had Form 2106 expenses and tax withheld for cities other than

Toledo on that income—These situations require the use of the Form 2106 Worksheet for Toledo Residents (see

website) to adjust the amount of credit allowable for the tax withheld to other cities when claiming Form 2106

expenses. The amount from that worksheet Column H Line 20 should be listed here on Line 5b and that same figure

should also be listed on Line 27b.

PART B INCOME OTHER THAN WAGE COMPENSATION

Line 6 - Enter income from Federal Schedule C (if you issued 1099’s for labor please attach).

Line 7 - Enter income from rents and/or leases (Federal Schedule E).

Line 8 - Enter Income from Federal Schedule E (Partnership Income from K-1 Toledo residents only).

Line 8a - Enter amount of Toledo Tax paid on your behalf by the partnership on income shown on line 8.

Line 9 - Enter income from farming (Schedule F).

Line 10 - Miscellaneous Income (attach any 1099’s or W-2G’s you received or explain source).

Line 10a - Enter amount if any of Toledo withholding tax shown on W-2G.

PART C TAX CALCULATION

Line 11 - Enter total wages from Part A Section 1 Column E.

Line 12 - Enter total Form 2106 unreimbursed employee business expenses from Part A Section 2 (Line 5a).

Line 13 - Subtract line 12 from Line 11.

Line 14 - Multiply the amount on Line 13 by 2.25% (.0225) This is your tax on wage compensation only.

Line 15 - Combine figures both positive and negative from line 6-10 above and enter here. If this number is a loss

(negative), enter on Line 15a and enter zero on Line 18 and go to Line 19. If this number is a gain (positive) go to Line

16.

Line 16 - Enter total allowable NOL from prior years (there is a five year limit—losses that can be used on the 2016

return are 2015, 2014, 2013, 2012 and 2011, provided they were not used previously. Please note that changes to Ohio

Revised Code 718 due to House Bill 5 changes will affect the amount of losses that can be used after tax year 2016.

Toledo allows 100% of the Toledo loss for 2016 and prior years.

Line 17 - Subtract Line 16 from Line 15 if zero or less enter zero and go to Line 18. If greater than zero enter amount

here and continue to line 18.

Line 18 - If Line 17 is greater than zero multiply Line 17 by 2.25% (.0225).

Line 19 - Enter amount from Line 8a tax paid by partnership for Toledo residents (income must have been included on

Line 8).

Line 20 - Subtract line 19 from Line 18.

Line 21 - Enter amount from Line 14 (tax on wage compensation).

Line 22 - Add Lines 20 and 21. This is your total tax liability before credits.

Line 23 - Enter amount of tax paid to another City (not shown in Part A Section 1. This would be tax paid directly to

another city. (A copy of the return you filed with that city is required in order to receive credit).

Line 24 - Subtract Line 23 from Line 22.

PART D FINAL TAX BALANCE COMPUTATION

Line 25a - Enter Total Toledo tax withheld from the total line of Part A Section 1 Column C.

Line 25b - Enter Total tax withheld from form W2-G.

Line 25c - Add Line 25a and Line 25b.

Line 26 - Subtract Line 25c from Line 24 of Part C.

Line 27a - Enter total other city tax withheld from Total Line Part A of Section 1 Column D for each spouse. (See

exceptions in Toledo Municipal Code 1905.15 for credit to other cities.)

Line 27b - Enter Amount from Part A Section 2 Line 5b (Form 2106 Worksheet Toledo Resident from website, if required,

for each spouse as necessary).

Toledo Resident Individual Tax Return Form Instructions - 2016 Page 2

Related Articles

Related forms

Related Categories