Form It 2023 - Income Allocation And Apportionment Nonresident Credit And Part-Year Resident Credi Page 3

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IT 2023

Taxpayer/business name

SSN/FEIN

Rev. 12/12

Part IV – Nonbusiness Income and Deductions

(See deﬁ nitions and discussion on pages 1 and 5 of the instructions.)

Use Part IV to allocate, in accordance with R.C. 5747.20, 5747.22,

Note: Do not include in Part IV either guaranteed payments or

compensation you received from each pass-through entity in which

5747.212, 5747.221, 5747.23 and 5747.231, all items of nonbusi-

ness income and deductions included in either Ohio adjusted gross

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

income for individuals or Ohio taxable income for estates. Unless the

not include in this part any compensation you received from any

taxpayer establishes otherwise, pass-through income, deductions,

pass-through entity in which any of your family members directly or

gains and losses recognized by a limited liability company, sole

indirectly own at least 40% of that pass-through entity. Show such

proprietorship, partnership or S corporation are items of business

guaranteed payments and compensation in Part II, Part A, line 1.

income that the taxpayer must apportion (rather than allocate) using

the business income portion of the worksheet (see Part II).

(A)

(B)

(C)

Total

Ohio Portion

Non-Ohio Portion

A. Nonbusiness Income

1. Wages, salaries, tips, guaranteed payments

(see note above) ............................................ 1.

2. State and local tax refunds........................... 2.

3. Alimony received .......................................... 3.

4. Pensions, annuities, IRA distributions .......... 4.

5. Unemployment compensation, taxable

Social Security beneﬁ ts ................................ 5.

6. Nonbusiness income and gain/loss

described in R.C. 5747.212 (enclose

detailed computations) ................................. 6.

6a. Interest, dividends, capital gain (loss) and

other income (loss), but only if these items

are nonbusiness items (describe these

items of income)

6a.

7. Add adjustments for I.R.C. 168(k) and

qualifying section 179 expenses (see

instructions) and add miscellaneous

federal income tax adjustments, if any ......... 7.

8. Net income (loss) from rental activity not

constituting “business income” reported on

Part II of this return....................................... 8.

9. Total nonbusiness income (add lines 1

through 8) ..................................................... 9.

B. Deductions From Nonbusiness Income

Note: Do not show here any amount shown on Ohio form IT 1040, Schedule A or Ohio form IT 1041, Schedule A, except for any

depreciation adjustment(s).

10. IRA deduction ............................................. 10.

11. Health savings account from IRS form

1040 ............................................................11.

12. Penalty on early withdrawal of savings ...... 12.

13. Moving expense/alimony paid .................... 13.

14. Deduct adjustments for the depreciation

expense added back in prior year (see

instructions) and deduct miscellaneous

federal income tax adjustments, if any ....... 14.

15. Other deductions shown on IRS form 1040,

page 1 and not shown on page 2, line 9 of

Ohio form IT 2023 (describe)

15.

16. Total deductions (add lines 10 through 15) .. 16.

17. Net nonbusiness income (line 9 minus line

16; enter here and in Part I, line 2, columns

A, B and C, respectively)............................ 17.

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