Ohio § 5733.057 Ownership interest in pass-through entity

Ohio Statutes

§ 5733.057 — Ownership interest in pass-through entity

Ohio § 5733.057

Title 57Taxation

Ch. 5733Corporation Franchise Tax

This text of Ohio § 5733.057 (Ownership interest in pass-through entity) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5733.057 (2026).

Text

As used in this section, "adjusted qualifying amount" has the same meaning as in section5733.40of the Revised Code.

This section does not apply to divisions (E) and (F) of section5733.051of the Revised Code.

Except as otherwise provided in divisions (A) and (B) of section5733.401and in sections5733.058and5747.401of the Revised Code, in making all apportionment, allocation, income, gain, loss, deduction, tax, and credit computations under this chapter and under sections5747.41and5747.43of the Revised Code, each person shall include in that person's items of business income, nonbusiness income, adjusted qualifying amounts, allocable income or loss, if any, apportionable income or loss, property, compensation, and sales, the person's entire distributive share or proportionate share of the i

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As used in this section, "adjusted qualifying amount" has the same meaning as in section5733.40of the Revised Code.

This section does not apply to divisions (E) and (F) of section5733.051of the Revised Code.

Except as otherwise provided in divisions (A) and (B) of section5733.401and in sections5733.058and5747.401of the Revised Code, in making all apportionment, allocation, income, gain, loss, deduction, tax, and credit computations under this chapter and under sections5747.41and5747.43of the Revised Code, each person shall include in that person's items of business income, nonbusiness income, adjusted qualifying amounts, allocable income or loss, if any, apportionable income or loss, property, compensation, and sales, the person's entire distributive share or proportionate share of the items of business income, nonbusiness income, adjusted qualifying amounts, allocable income or loss, apportionable income or loss, property, compensation, and sales of any pass-through entity in which the person has a direct or indirect ownership interest at any time during the pass-through entity's calendar or fiscal year ending within, or with the last day of the person's taxable year. A pass-through entity's direct or indirect distributive share or proportionate share of any other pass-through entity's items of business income, nonbusiness income, adjusted qualifying amounts, allocable income or loss, apportionable income or loss, property, compensation, and sales shall be included for the purposes of computing the person's distributive share or proportionate share of the pass-through entity's items of business income, nonbusiness income, adjusted qualifying amounts, allocable income or loss, apportionable income or loss, property, compensation, and sales under this section. Those items shall be in the same form as was recognized by the pass-through entity.