smith-patricia-
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12-06-2019
04:17 PM
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sjrcpa
Level 15
12-06-2019
04:17 PM
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Yes. That's the point of the composite return - one return filed by the partnership instead of many individual nonresident returns.
The more I know the more I don’t know.
smith-patricia-
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12-06-2019
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Thanks for your help.
sjrcpa
Level 15
12-06-2019
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You're welcome.
The more I know the more I don’t know.
The more I know the more I don’t know.
Michael-G--Elli
Level 3
12-06-2019
04:17 PM
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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.
Mo-CPA
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12-06-2019
04:17 PM
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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
