Form 1065 (Schedule D) for Franklin Ohio 2024-2025

Form 1065 (Schedule D) for Franklin Ohio: What You Should Know

The total tax paid by the taxpayer for the tax year, not including refunds,  but including any taxes not paid on account of credit or refund, shall be the amount allowed as a credit against tax. (2) Division (B) of this section does not apply to the following persons and their spouse if married for a period of  one year or more and has a gross income taxable to them under division (A)(3), (A)(2), or (C) of section 841 or  section 3222.16 of the Revised Code, whichever applies: (a) The taxpayer and any member of their household who makes an election under division (A) of section 823.02 of the Revised Code ;  (b) Any person who is a dependent of the taxpayer or of a member of the taxpayer's household under division (A) of section 902.05 of the Revised Code ; (c) Any person who is a dependent of a person who is a qualified domestic partner; (d) A taxpayer who is a resident of a community property state, a tax treaty state, any state which provides income tax, gross income tax, property tax, or sales tax exemptions for residents of the State of Ohio, and any individual who is a resident of it who, at the time the individual dies or the individual transfers property to the taxpayer, is legally resident, and not an alien pursuant to section 7703(a) of the Internal Revenue Code of 1986, or who (A) is a member of the taxpayer's household and makes an election under division (A) of section 823.02 of the Revised Code, (B) is legally resident, and not an alien pursuant to section 7703(a) of the Internal Revenue Code of 1986, or (C) is the taxpayer's qualified domestic partner and, at the time of the transfer, is a member of the taxpayer's household or is otherwise not an alien under that section; and (e) A taxpayer who is a resident of a tax treaty state. The income tax paid to a municipal corporation on the wages of a member of a taxpayer's household or personal services performed by the taxpayer shall in no event be included in the calculation of the gross income tax payable by such member and the total tax paid by the taxpayer to the municipal corporation shall not be considered a credit against state income tax under section 901.

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