Ohio State tax, review asked to check entry on Form IT Bus, options are No entry or include this busi check. I don't know what to answer. Can someone explain? thanks

[MaryK4]

This question is asking of you want to include the business income for the Ohio state tax return.This would be for Schedule Cs or other self-employment from your federal form.

[btrav68]

Would you fill this out if you had a net loss from rental income? 

It is unclear exactly how the K1 information translates here as rental income is generally treated differently than general business income.

[MonikaK1]

It depends. Generally, you would include Schedule C income or other self-employment. Ohio has unique criteria for determining what qualifies as business income for the purpose of Form IT.

See this Ohio FAQ webpage for more information. Excerpt below:

“Nonbusiness Income” means income that is not business income. This generally includes:

• Compensation and guaranteed payments;
• Rents and royalties; AND
• Interest, dividends and capital gains.

This suggests that rentals aren't included, but see the Ohio Department of Taxation website for more details.