Form It 1040x - Ohio Amended Individual Income Tax Return

IT 1040X

Rev. 11/14

IT 1040X Instructions

Time Period in Which To File (Statute of Limitations)

4. If your amended return shows a refund due to any of the following:

1. Generally, you can claim a refund within four years from the

a decrease in your federal adjusted gross income;



date of the overpayment of the tax, interest or penalty. For most

a change in your ﬁ ling status from married ﬁ ling jointly to mar-



taxpayers, the four-year period begins on the date that the Ohio

ried ﬁ ling separately; OR

income tax return was due without extensions. For example, 2008

an increase in the number of exemptions claimed,



Ohio forms IT 1040 and IT 1040EZ were due April 15, 2009; for

2008 Ohio forms IT 1040 and IT 1040EZ the four-year period

then you must include the following to avoid delays:

begins on April 15, 2009.

(a) A copy of the federal account transcript; OR

2. If your Ohio amended return shows a refund due to a decrease

in your federal adjusted gross income and if the IRS issues you

(b) A copy of your amended federal income tax return (federal

a refund check due to that decrease, you always have at least

form 1040X) and either a copy of the IRS acceptance letter

60 days from the date that the IRS agreed to the decrease to

or a copy of the refund check. (Under federal law the copy

ﬁ le your Ohio amended return.

of your check must either be larger than or smaller than the

size of the original check. If you make a reduced-size copy,

3. If your Ohio amended return shows a refund due to an increase

please make sure that the copy is legible.)

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

Your amended return may not be processed until after Oct.

ﬁ le your Ohio amended return.

15th.

Net Operating Losses (NOL)

Change in Filing Status

Be sure you complete and attach Ohio form IT NOL, Net Operating

1. Check the box on page 1 of Ohio form IT 1040X that corre-

Loss Carryback Worksheet on page 6 and check the box on the

sponds with the ﬁ ling status of the federal income tax return

front of this return indicating that you are amending for an NOL.

for which this Ohio form IT1040X is based.

Your NOL carryback deduction on the Ohio amended income tax

2. You can change your ﬁ ling status from married ﬁ ling separately

return is limited by the following:

to married ﬁ ling jointly at any time within the statute of limita-

tions, but without taking into consideration any extension of

the amount of your federal itemized deductions and personal



time to ﬁ le.

exemption amounts allowed in the carryback year; AND

the depreciation adjustment discussed below.



3. You cannot change your ﬁ ling status from married ﬁ ling jointly

to married ﬁ ling separately after the time (including extensions,

Itemized Deductions and Exemptions: Your federal adjusted

if any) has expired for the ﬁ ling of either your return or your

gross income, after application of the allowed net operating loss car-

spouse's return.

ryback amount, will not be zero dollars if you claimed any itemized

deductions or exemptions on your federal income tax return. For

General Information

more information please see our Aug. 12, 2002, information release

1. Use Ohio form IT 1040X to do the following:

entitled "Personal Income Tax Information Release: Net Operating

Loss Carryback Five-Year Rule" at tax.ohio.gov.

correct your Ohio income tax return; AND/OR



request a refund of tax, interest and/or penalty previously paid;



Depreciation Adjustment: If the federal NOL carryback/

AND/OR

carryforward reﬂ ects either Internal Revenue Code (I.R.C.) section

report IRS changes that affected the number of exemptions



168(k) bonus depreciation or I.R.C. section 179 expensing, then you

claimed; AND/OR

must reduce the federal net operating loss carryback/carryforward

report IRS changes that affected your federal adjusted gross



amount by both of the following:

income; AND/OR

Adjustment for the I.R.C. section 168(k) bonus depreciation; AND

change your ﬁ ling status (see Change in Filing Status



Adjustment for the excess of the I.R.C. section 179 amount over

above).



the amount that would have been allowed based upon I.R.C.

2. You can ﬁ le Ohio form IT 1040X only after you have ﬁ led an Ohio

section 179 in effect on Dec. 31, 2002.

income tax return (Ohio forms IT 1040 or IT 1040EZ, or any of

For more information please see Ohio Revised Code section

the department's paperless or electronic tax return ﬁ ling options).

5747.01(A)(20) as amended by the 129th General Assembly in

3. You must complete all of the information requested on the form.

HB 365 and our information release entitled "Recently Enacted

Otherwise, we cannot process your amended return and we may

Ohio Legislation Affects Depreciation Deductions for Taxable Years

have to contact you for additional information.

Ending in 2001 and Thereafter" at tax.ohio.gov.

Please note that if your ﬁ ling status for your federal income tax

Example 1: In 2007 Maria reported $800,000 in federal adjusted

return is married ﬁ ling jointly, then you must place on line 1 of the

gross income. Maria’s 2007 federal return as ﬁ led reﬂ ected $350,000

Ohio income tax return the amount you show as adjusted gross

in itemized deductions and personal exemption amounts. Maria’s

income on your federal income tax return. You must show this

2007 federal modiﬁ ed taxable income was $450,000. In 2009 Maria

amount even if only one spouse earned or received any income

incurred a federal NOL of $1 million including an I.R.C. section

in Ohio. See Ohio Administrative Code Rule 5703-7-18, which

168(k) bonus depreciation amount of $300,000. Maria must ﬁ rst

is available through our Web site at tax.ohio.gov.

reduce the federal NOL carryback/carryforward by $250,000 (5/6 of

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Form It 1040x - Ohio Amended Individual Income Tax Return - 2014 Page 4

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