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In preparing Ohio Form IT 4708, and filing a composite return, should a nonresident's share of income be taxable to a partnership and the tax paid by the partnership?

 
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sjrcpa
Level 15

Yes. That's the point of the composite return - one return filed by the partnership instead of many individual nonresident returns.


Ex-AllStar

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5 Comments 5
sjrcpa
Level 15

Yes. That's the point of the composite return - one return filed by the partnership instead of many individual nonresident returns.


Ex-AllStar
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Thanks for your help.
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sjrcpa
Level 15
You're welcome.

Ex-AllStar
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Ohio has a $250K business deduction for individual joint filers which might make composite filings an unattractive option and better to use the withholding form whereby most of the tax will be refunded. 

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Mo-CPA
Level 1
According to my understanding of the State of Ohio's instructions, starting in 2013, a non-res individual included on the IT-4708 composite form may still opt to file the OH 1040 and claim the business income deduction. See https://www.tax.ohio.gov/faq/tabid/6315/Default.aspx?QuestionID=394&AFMID=11354
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