Discussion:Ohio preparers

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Advanced Tax Questions --> Ohio preparers

Discussion Forum Index --> Tax Questions --> Ohio preparers

Theresa d (talk|edits) said:

3 June 2014
I am a NY preparer working on an Ohio IT 1040. I am confused with the new Ohio Small Business Investor Income Deduction. My client is the sole shareholder in an S corp. From what I can gather the wages that are paid to him are included on IT SBD Part 1 A line 1. His wife also works for the corp (not a shareholder). I don't think her wages are added on line 2? The income from the K-1 line 1 are included on line 3 I believe. I don't think distributions, from the K-1,enter into the calculation. Am I correct?? Greatly appreciate any clarification

Belle (talk|edits) said:

June 3, 2014
Theresa - You DO realize this site closed on June 1? Well, supposedly it did and the end is (I assume) imminent. Here's the link to the new party site, if you haven't migrated yet:


Theresa d (talk|edits) said:

4 June 2014
Realized that after I posted-thanks. just registered

To join in on this discussion, you must first log in.
Personal tools