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troto
New Member

Where do I enter (1) non-taxable interest earned from and (2) my exempt annual deposits to Ohio Homebuyer Plus savings account?

 
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2 Replies
AmyC
Employee Tax Expert

Where do I enter (1) non-taxable interest earned from and (2) my exempt annual deposits to Ohio Homebuyer Plus savings account?

Both are combined and entered  on the Ohio schedule of adjustments. Follow these steps:

  1. Open your Ohio return
  2. Continue through to Here's the Income OH handles differently.
  3. Scroll down to Miscellaneous
  4. Locate Ohio Homebuyer Plus account - there are 2 listed, one for contributions and one for withdrawals.
  5. Select the Contributions account, start
  6. Enter the total - combined amount of contributions plus earning- following the instructions on the page, continue

 

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troto
New Member

Where do I enter (1) non-taxable interest earned from and (2) my exempt annual deposits to Ohio Homebuyer Plus savings account?

Yes, that answer helped. However, the following text below the entry field appears to apply to the *total* entry but I think this limit only applies to the *deposit* component. I don't think there is a limit on the *interest earned* component.

 

"Important: This deduction is limited to $5,000 per account per year. If you are filing a joint return and both you and your spouse make eligible contributions, each of you may claim this deduction, up to $10,000 per account per year. The deduction is only available for 5 years after the Ohio Homebuyer Plus account is opened with an eligible savings institution."

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