Hal_Al
Level 15

Get your taxes done using TurboTax

Yes, you can. That qualifies, since it was a gain on the sale of business property (rentals count)  In the interview, federal schedule D will be a choice.  If you show a loss on Federal Schedule E, you must show that as business income (loss) too, effectively reducing the BID.

See line 3 on the form

 https://www.tax.ohio.gov/portals/0/forms/ohio_individual/individual/2019/Schedule_ITBUS_FI.pdf

From the Ohio instructions:

Line 3 - Schedule D, Capital Gains and
Losses
Enter capital gains or losses reported
on federal Schedule D that qualify as
business income. Do not include gains or
losses from the sale of property that was
not used in a trade or business, as well
as gains or losses from the sale of the
ownership interest in a business itself.

 

There is a $250,000 maximum BID limit