Ohio joint filing credit calculation
The joint filing credit calculates using qualifying income, which excludes rental income. Pass-through activities with any rental gain or loss are omitted from the calculation.
UltraTax CS calculates the joint filing credit by applying qualifying earned income from the Ohio AGI Worksheet against the percentage on the joint filing credit table in the Form IT 1040 Instructions. Qualifying income excludes rental income and UltraTax CS won’t include pass-through activities with any rental gains or losses in the calculation. Otherwise, net earned income from pass-through activities is included.
You can force the joint filing qualification and qualifying income amounts on the
OHCr
screen in the Credits
folder.
