Q. The loss I reported on my federal return (from my LLC) was NOT included in my OH return. Why did this happen?
A. It was included on your Ohio return for purposes of calculating your Ohio income tax base (line 5 of form IT1040). TurboTax (TT) is not capable of classifying each item of income (or loss) as qualifying or non-qualifying fot the Ohio business Income deduction (BID). You have to know what qualifies and manually enter the qualifying amount(s) for the Ohio business Income deduction (BID). The BID interview asks you to enter these amounts
Q. Should I file an amended 2018 return or wait to see if I get another notice?
A. Technically, you should amend, since you know your return is wrong. Even if you waited, it's pretty certain ODT will catch it. It's on their radar and you'll pay more interest. But, the simplicity of just waiting for the bill to pay may justify the extra interest
