Ohio Additions to Income
Non-Ohio State or Local Government Interest and Dividends
Enter the total amount of interest and/or dividends you received from obligations or securities issued by non-Ohio state governments, their local governments and/or their authorities if the interest and/or dividends are not included in your federal adjusted gross income. Do not enter interest or dividend amounts from Puerto Rico obligations as it has not officially entered statehood of the U.S. Also include on this line the amortized portion of the original issue discount on such obligations and securities.
Pass-Through Entity Add-Back
Enter Ohio pass-through entity and financial institutions taxes (which should be shown on your federal K-1[s]) to the extent that those taxes were deducted in arriving at your federal adjusted gross income.
Non-Educational Expenditures from College Accounts
Enter any reimbursement received during the taxable year of any amount deducted from college tuition and fees in any previous taxable year to the extent that the amount is not otherwise included in Ohio adjusted gross income.
If you received a distribution during 2015 reported to you on a federal 1099-Q from the CollegeAdvantage program and any portion of such distribution was NOT used to pay for qualified higher-education expenses and was NOT due to the beneficiary’s death, disability or receipt of scholarship, you may be required to include an adjustment on your return. Follow the instructions for items 1 through 3 below for such distributions.
- You do not have to show on this line the amount of distributions relating to the cost of tuition credits or units that you purchased before January 1, 2000.
- If you are the CollegeAdvantage account owner or beneficiary and a portion of the distribution reported to you on your CollegeAdvantage 1099-Q relates to original contributions or purchases by the account owner (or beneficiary) that are not excluded under item 1, above, then the non-earnings portions (usually the original contribution or purchase price unless the account has declined in value below these amounts) related to such portion of the distribution must be included in Ohio adjusted gross income to the extent that either the account owner or the beneficiary has taken an Ohio contribution deductions for such contributions or purchases in this or a prior taxable year.
- Include the earnings portion of the distribution reported to you on IRS form 1099-Q to the extent you have not otherwise included these earnings in Ohio adjusted gross income for either the current taxable year or for any previous taxable year(s).
Contribution Carryovers: CollegeAdvantage account owners or beneficiaries should also reduce any contribution or deduction carryovers to future years to the extent that the non-earnings distributions in item 2, above (i) exceed contribution deductions taken in this and prior years and (ii) are reflected in your contributions deduction carryover to future years’ returns.
Federal Interest and Dividends Subject to State Taxation
Enter interest and dividends on obligations of the United States Government that are exempt from federal taxation but are not exempt from state taxation.
Losses from Sales of Public Obligations from this State
Enter any loss resulting from the sale/disposition of Ohio public obligations to the extent that such losses have been deducted in determining the federal adjust gross income.
Non-Medical Withdrawals from Medical Savings Account of Ohio and/or Lump Sum Distribution
Enter net withdrawals made from an Ohio medical savings account for nonmedical purposes if the amount of the withdrawal was deducted on a previous year’s Ohio income tax return. Enter any lump sum distribution amount that you reported on federal 4972. For information about miscellaneous federal tax adjustments, see the Ohio Web site at clicking here.
Reimbursements of Expenses Deducted (Not Included in Federal AGI)
Enter reimbursement received in 2015 for any expenses that you deducted on a previously filed Ohio Income Tax Return if the amount of the reimbursement was not included in Federal Adjusted Gross income for 2015.
Reimbursements of College Tuition Expenses and Fee Deducted in any Previous Years
Enter any reimbursement received during the taxable year of any amount deducted for college tuition and fees in any previous taxable year to the extent that the amount is not otherwise included in Ohio AGI.
Add 5/6 of Internal Revenue Code section 168(k) bonus depreciation allowed under the Internal Revenue Code in effect on Dec. 15, 2010. Also add 5/6 of the excess of the Internal Revenue Code section 179 depreciation expense allowed under the Internal Revenue Code in effect on Dec. 15, 2010 over the amount of section 179 depreciation expense that would have been allowed based upon Internal Revenue Code section 179 in effect on Dec. 31, 2002. Replace "5/6" with "2/3" for employers who increased their Ohio income taxes withheld by an amount equal to or greater than 10% over the previous year. Replace "5/6" with "6/6" for taxpayers who incur a net operating loss for federal income tax purposes if the loss was a result of the 168(k) and/or 179 depreciation expenses. No add-back is required for employers who increased their Ohio income taxes withheld over the previous year by an amount greater than or equal to the sum of the 168(k) or 179 depreciation expenses. No add-back is required for 168(k) and/or 179 depreciation amounts related to a pass-through entity in which the taxpayer has less than 5% ownership. See Ohio Revised Code section 5747.01(A)(20) as amended by the 129th General assembly in HB 365 and our information release IT 2002-02 entitled "Ohio Bonus Depreciation Adjustments," which is available on the see the Ohio Web site by clicking here.