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June 1, 2019
Question

Ohio business income deduction

  • June 1, 2019
  • 1 reply
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Because I have business income (schedule C) turbo tax wants me to consdier this credit. Can I claim it if I earned my income in MA? I was a part year resident in MA and OH, earning my real estate commissions in MA.

1 reply

June 1, 2019

Yes. The deduction is based on all business income regardless of source and residency. Please read number three and four, in the Ohio link below.

http://www.tax.ohio.gov/Business/faqs/BusinessIncomeDeductionFAQ.aspx

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Hal_Al
Employee
June 1, 2019
Beware of double dipping. You cannot count income you deducted under the Small Business deduction for the credit for taxes paid to another state