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Level 1
posted Apr 8, 2022 9:46:00 AM

Is there a minimum rental income that is required to file tax in OH

If I live in CT, is there a minimum income from OH rental properties that is required to file tax for that state? Let say I make less than $100 to $500/year?

0 3 1882
3 Replies
Expert Alumni
Apr 8, 2022 10:09:58 AM

Every nonresident having Ohio-sourced income must file OH return. 

However, You do not have to file an Ohio income tax return if ...

  • Your Ohio adjusted gross income (line 3) is less than or equal to $0.
  • The total of your senior citizen credit, lump sum distribution credit and joint filing credit (Ohio Schedule of Credits, lines 4, 5 and 12) is equal to or exceeds your income tax liability (Ohio IT 1040, line 8c) and you are not liable for school district income tax.
  • Your exemption amount (Ohio IT 1040, line 4) is the same as or more than your Ohio adjusted gross income (line 3) and you have no amounts on your Schedule of Adjustments (formerly Schedule A).

Please note: If your federal adjusted gross income is greater than $27,400, the Department of Taxation recommends that you file an Ohio IT 1040 or IT 10, even if you do not owe any tax, to avoid delinquency billings.

 

For more information please check OH Department of Taxation.

Level 1
Apr 8, 2022 11:23:45 AM

What about if I received a K-1 from an LLC for the property as a partner investment? So the property is under an LLC and each investor receive a K-1 for their partial investment.

Expert Alumni
Apr 13, 2022 4:39:09 PM

If you received a K-1 form the income would still be sourced in Ohio, so the filing requirements mentioned by @MayaD would apply.