Net Profit Forms Instruction Booklet - Cleveland

SCHEDULE INSTRUCTIONS

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SCHEDULE X

This Schedule is used to determine how much of the income per your attached federal

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of all taxes based on income deducted on your attached federal return, if your Ohio Franchise Tax is

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tangible personal property and/or real property is taxable in accordance with sections 1245 and 1250

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C Corporations, the following adjustments shall also apply and be included in the amount reported on

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Loss on the sale, exchange or other disposition of depreciable property or real estate used in your

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SCHEDULE Y

Taxpayers doing business in more than one community must use Schedule Y to al-

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Determine the ratio of each community’s portion of the following:

(1) Average original cost of real and tangible property used in the taxpayer’s trade or

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(2) Total wages, tips and other employee and/or owner compensation deducted on the attached

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(3) *URVV UHFHLSWV IURP VDOHV PDGH DQG VHYLFHV SHUIRUPHG UHJDUGOHVV RI ZKHUH PDGH RU SHUIRUPHG

Add the ratios obtained and divide by the number of ratios used to obtain the business

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against Adjusted Federal Taxable Income as calculated on Page 1, Line 3A of this form for

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6SHFLDO QRWH Sales and gross receipts in CCA municipalities (Step 3) are based on the following criteria:

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employee of the taxpayer, have a situs of the point of shipment regardless of where title passes

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business within a taxing community shall be considered a solicitation of sales within the taxing

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Net Profit Forms Instruction Booklet - Cleveland - 2013 Page 4

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