Question

Does an Independent contractor qualify as a business for the state of Ohio?

Forum|Forum|7 years ago
June 5, 2019
1 reply
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This questions is for the State return for OHIO

TurboTax Deluxe Online

Employee

Yes. If you are paid by 1099-Misc (box 7) or cash, not reported on a W-2; you are eligible for Ohio's Business Income Deduction (BID), formerly known as the Small Business Deduction (SBD).

M

mt305700

The tax form requires reporting what 'entity' ie name of the business you own. I am an independent contractor and my income is reported on a 1099-misc, but I do not have a registered business that I pass my money through. Am I sill eligible for the SBD? If I am, what do I list as my 'entity'?

Thanks!

O

Opus 17

Employee

@mt305700 wrote:

The tax form requires reporting what 'entity' ie name of the business you own. I am an independent contractor and my income is reported on a 1099-misc, but I do not have a registered business that I pass my money through. Am I sill eligible for the SBD? If I am, what do I list as my 'entity'?

Thanks!

If you are an unincorporated sole proprietorship, your business entity name is your personal name, unless you register a d/b/a ("doing business as") name with your state or county. (You may want to look into doing that for various reasons.)

(The IRS does not actually care under what name you operate the business. If you need to list something for Ohio, list your own name unless you get a d/b/a.)