Ohio DOT Publishes Instructions for Pass-Through Entity Composite Income Tax Return

The Ohio Department of Taxation April 1 published revised instructions for 2018 Ohio IT 4708, Pass-Through Entity Composite Income Tax Return. The publication includes: 1) highlights for tax year 2018; 2) general instructions for completing the pass-through entity corporate income tax return; 3) line-by-line instructions for completing the return; and 4) a worksheet for calculating the apportionment formula for a pass-through entity that is a financial institution. The instructions provide that a nonresident investor having other Ohio sourced income, who elects to participate in the filing of Ohio IT 4708, must file a state individual income and trust income tax ...