Ohio state taxes and capital gain.

Forum|Forum|2 months ago
March 31, 2026
1 reply
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I owned stock in an s corp that was located in Ohio. It was merged with another company that is based in Indiana. The payout was in stock and cash. The cash was noted as capital gain on my federal taxes. When I go to the state tax it carries over my adjusted income. Do I need to enter in the capital gain again on the Ohio tax or is it already entered from my federal tax. If I need to enter it, where do I do that on the Ohio tax.

Thank you

DavidD66

Level 15

Ohio uses federal Adjusted Gross Income (AGI) as the starting point for calculating state taxable income. Therefore, you do not need to re-enter capital gains on your Ohio state tax return. They are included in your AGI.

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pjwespAuthor

Level 3

it asks for income allocation.

Those on the federal. which are nonbusiness capital gain and loss. 248,812. it has a box for Ohio income. I am assuming it is asking how much of this is Ohio income. What do I put there. It is a s-corp that was located in the state of Ohio.

DaveF1006

Level 15

If you are a full-year resident in the State of Ohio, then the entire amount is Ohio income. S-Corp owners, capital gains from the sale of stock or intangible assets are typically allocated to the taxpayer’s state of domicile (where you live).

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