Form It 1040x - Ohio Amended Individual Income Tax Return Page 3
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5IT 1040X
Rev. 6/11
IT 1040X Instructions
Time Period in Which To File (Statute of Limitations)
a change in your fi ling status from married fi ling jointly to mar-
1. Generally, you can claim a refund within four years from the
ried fi ling separately; OR
date of the overpayment of the tax, interest or penalty. For most
an increase in the number of exemptions claimed,
taxpayers, the four-year period begins on the date that the Ohio
then you must include the following to avoid delays:
income tax return was due without extensions. For example, 2005
Ohio forms IT 1040 and IT 1040EZ were due April 15, 2006; for
(a) A copy of the federal account transcript; OR
2005 Ohio forms IT 1040 and IT 1040EZ the four-year period
begins on April 15, 2006.
(b) A copy of your amended federal income tax return (federal
form 1040X) and either a copy of the IRS acceptance letter
2. If your Ohio amended return shows a refund due to a decrease
or a copy of the refund check. (Under federal law the copy
in your federal adjusted gross income and if the IRS issues you
of your check must either be larger than or smaller than the
a refund check due to that decrease, you always have at least
size of the original check. If you make a reduced-size copy,
60 days from the date that the IRS agreed to the decrease to
please make sure that the copy is legible.)
fi le your Ohio amended return.
Your amended return may not be processed until after Oct.
3. If your Ohio amended return shows a refund due to an increase
15th.
in your Ohio resident credit, you always have 60 days from the
date that the other state increased the tax owed to that state to
Net Operating Losses (NOL)
fi le your Ohio amended return.
Be sure you complete and attach Ohio form IT NOL, Net Operating
Loss Carryback Worksheet and check the box on the front of this
Change in Filing Status
return indicating that you are amending for an NOL. This form is
1. You can change your fi ling status from married fi ling separately
available on our Web site at tax.ohio.gov.
to married fi ling jointly at any time within the statute of limita-
Your NOL carryback deduction on the Ohio amended income tax
tions, but without taking into consideration any extension of
return is limited by the following:
time to fi le.
the amount of your federal itemized deductions and personal
2. You cannot change your fi ling status from married fi ling jointly
exemption amounts allowed in the carryback year; AND
to married fi ling separately after the time (including extensions,
the depreciation adjustment discussed below.
if any) has expired for the fi ling of either your return or your
spouse's return.
Itemized Deductions and Exemptions: Your federal adjusted
gross income, after application of the allowed net operating loss car-
General Information
ryback amount, will not be zero dollars if you claimed any itemized
1. Use Ohio form IT 1040X to do the following:
deductions or exemptions on your federal income tax return. For
more information please see our Aug. 12, 2002, information release
correct your Ohio income tax return; AND/OR
entitled "Personal Income Tax Information Release: Net Operating
request a refund of tax, interest and/or penalty previously paid;
Loss Carryback Five-Year Rule" at tax.ohio.gov.
AND/OR
report IRS changes that affected the number of exemptions
Depreciation Adjustment: If the federal NOL carryback/
claimed; AND/OR
carryforward refl ects either Internal Revenue Code (I.R.C.) section
report IRS changes that affected your federal adjusted gross
168(k) bonus depreciation or I.R.C. section 179 expensing, then you
income; AND/OR
must reduce the federal net operating loss carryback/carryforward
change your fi ling status (see Change in Filing Status
amount by both of the following:
above).
5/6 of the I.R.C. section 168(k) bonus depreciation; AND
2. You can fi le Ohio form IT 1040X only after you have fi led an Ohio
5/6 of the excess of the I.R.C. section 179 amount over the
income tax return (Ohio forms IT 1040 or IT 1040EZ, or any of
amount that would have been allowed based upon I.R.C. section
the department's paperless or electronic tax return fi ling options).
179 in effect on Dec. 31, 2002.
3. You must complete all of the information requested on the form.
For more information please see our July 31, 2002, information
Otherwise, we cannot process your amended return and we may
release, as revised in October 2003, entitled "Recently Enacted
have to contact you for additional information.
Ohio Legislation Affects Depreciation Deductions for Taxable Years
Ending in 2001 and Thereafter" at tax.ohio.gov.
Please note that if your fi ling status for your federal income tax
return is married fi ling jointly, then you must place on line 1 of the
Example: In 2006 Maria reported $800,000 in federal adjusted gross
Ohio income tax return the amount you show as adjusted gross
income. Maria’s 2006 federal return as fi led refl ected $350,000 in
income on your federal income tax return. You must show this
itemized deductions and personal exemption amounts. Maria’s
amount even if only one spouse earned or received any income
2006 federal modifi ed taxable income was $450,000. In 2008 Maria
in Ohio. See Ohio Administrative Code Rule 5703-7-18, which
incurred a federal NOL of $1 million including an I.R.C. section
is available through our Web site at tax.ohio.gov.
168(k) bonus depreciation amount of $300,000. Maria must fi rst
reduce the federal NOL carryback/carryforward by $250,000 (5/6 of
4. If your amended return shows a refund due to any of the following:
the $300,000 bonus depreciation). The NOL carryback/carryforward
is $750,000. The deduction on the year 2006 Ohio amended income
a decrease in your federal adjusted gross income;
tax return for the NOL carryback from taxable year 2008 is limited
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