Form IT NRCE "Income Allocation and Apportionment for Calculating the Estate Nonresident Credit" - Ohio

What Is Form IT NRCE?

This is a legal form that was released by the Ohio Department of Taxation - a government authority operating within Ohio. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2019;
  • The latest edition provided by the Ohio Department of Taxation;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form IT NRCE by clicking the link below or browse more documents and templates provided by the Ohio Department of Taxation.

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Download Form IT NRCE "Income Allocation and Apportionment for Calculating the Estate Nonresident Credit" - Ohio

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Tax Year
IT NRCE
Rev. 08/19
2019
10211411
Ohio IT NRCE – Income Allocation and Apportionment for
Calculating the Estate Nonresident Credit
Use this form for tax years 2018 and forward.
This form is for nonresident estates for the tax year entered above. Include a completed copy of this forms when filing your Ohio IT 1041.
Name of estate
FEIN/SSN
Section I – Nonresident Credit Calculation
For each of the lines in this section, include in Column A the total income included on the estate’s federal return for the tax year.
Include in Column B income earned or received in Ohio from each of the corresponding sources. Only report items of income or
deductions that are included in federal taxable income and Ohio adjustments to federal taxable income.
Important: No item of income or deduction can be included on more than one line in Parts A and B of this section. If an item is
business income, then it can only be included on line 5 (determined by completing Sections II and III).
(A)
(B)
Part A – Income and Deductions
Federal Amount
Ohio Amount
00
00
1. Nonbusiness Interest & Dividends .............................................................1.
00
00
2. Nonbusiness Rents & Royalties .................................................................2.
00
00
3. Nonbusiness Capital Gains ........................................................................3.
00
00
4. Nonbusiness Other Income........................................................................4.
00
00
5. Business Income (From Section II) ............................................................5.
00
00
6. Lottery & Casino Winnings .........................................................................6.
00
7. Net Apportioned Depreciation Adjustments (From Section II, Line 22, Column B) ............................... 7.
8. Net Additions from Ohio Schedule II Additions (excluding depreciation
00
00
reported in Section II) .................................................................................8.
9. Net Deductions from Ohio Schedule II Deductions (excluding depreciation
00
00
reported in Section II) .................................................................................9.
00
00
10. Income Distribution Deduction .................................................................10.
11. Federal Taxable Income Deductions (excluding Income Distribution
00
00
Deduction) ................................................................................................11.
00
00
12. Total (Sum of lines 1-8, Minus Sum of Lines 9-11) ......................................12.
Part B – Portion of Taxpayer’s Ohio Taxable Income Not Allocable or Apportionable to Ohio Deductions
00
13. Ohio Taxable Income (from IT 1041, line 3) .........................................................................................13.
00
14. Total Ohio Income (Section I, Column B, Line 12) ................................................................................14.
00
15. Income not allocable or apportionable to Ohio (Line 13 - Line 14; if negative, enter $0.......................15.
(Include here and on Estate Nonresident Credit Schedule)
Federal Privacy Act Notice
Because we require you to provide us with a Social Security number, the Federal Privacy Act of 1974 requires us to inform you that providing us with
your Social Security number is mandatory. Ohio Revised Code 5703.05, 5703.057 and 5747.08 authorize us to request this information. We need your
Social Security number in order to administer this tax.
- 1 -
Tax Year
IT NRCE
Rev. 08/19
2019
10211411
Ohio IT NRCE – Income Allocation and Apportionment for
Calculating the Estate Nonresident Credit
Use this form for tax years 2018 and forward.
This form is for nonresident estates for the tax year entered above. Include a completed copy of this forms when filing your Ohio IT 1041.
Name of estate
FEIN/SSN
Section I – Nonresident Credit Calculation
For each of the lines in this section, include in Column A the total income included on the estate’s federal return for the tax year.
Include in Column B income earned or received in Ohio from each of the corresponding sources. Only report items of income or
deductions that are included in federal taxable income and Ohio adjustments to federal taxable income.
Important: No item of income or deduction can be included on more than one line in Parts A and B of this section. If an item is
business income, then it can only be included on line 5 (determined by completing Sections II and III).
(A)
(B)
Part A – Income and Deductions
Federal Amount
Ohio Amount
00
00
1. Nonbusiness Interest & Dividends .............................................................1.
00
00
2. Nonbusiness Rents & Royalties .................................................................2.
00
00
3. Nonbusiness Capital Gains ........................................................................3.
00
00
4. Nonbusiness Other Income........................................................................4.
00
00
5. Business Income (From Section II) ............................................................5.
00
00
6. Lottery & Casino Winnings .........................................................................6.
00
7. Net Apportioned Depreciation Adjustments (From Section II, Line 22, Column B) ............................... 7.
8. Net Additions from Ohio Schedule II Additions (excluding depreciation
00
00
reported in Section II) .................................................................................8.
9. Net Deductions from Ohio Schedule II Deductions (excluding depreciation
00
00
reported in Section II) .................................................................................9.
00
00
10. Income Distribution Deduction .................................................................10.
11. Federal Taxable Income Deductions (excluding Income Distribution
00
00
Deduction) ................................................................................................11.
00
00
12. Total (Sum of lines 1-8, Minus Sum of Lines 9-11) ......................................12.
Part B – Portion of Taxpayer’s Ohio Taxable Income Not Allocable or Apportionable to Ohio Deductions
00
13. Ohio Taxable Income (from IT 1041, line 3) .........................................................................................13.
00
14. Total Ohio Income (Section I, Column B, Line 12) ................................................................................14.
00
15. Income not allocable or apportionable to Ohio (Line 13 - Line 14; if negative, enter $0.......................15.
(Include here and on Estate Nonresident Credit Schedule)
Federal Privacy Act Notice
Because we require you to provide us with a Social Security number, the Federal Privacy Act of 1974 requires us to inform you that providing us with
your Social Security number is mandatory. Ohio Revised Code 5703.05, 5703.057 and 5747.08 authorize us to request this information. We need your
Social Security number in order to administer this tax.
- 1 -
IT NRCE
Rev. 08/19
10211411
Name of estate
FEIN/SSN
Section II – Ohio Business Income
Report below each entity/business from which the taxpayer received business income or loss during the tax year. Entities/businesses
should be listed in descending order from highest “Ohio Apportioned Income” to lowest. The amounts reported in columns B and C should
be calculated using Section III of this form found on page 3. However, if the taxpayer received an Ohio IT K-1 from a pass-through entity
in which they are an investor, attach a copy with the Ohio IT K-1 in lieu of completing Section III for that entity. Check the box indicating
an Ohio IT K-1 is attached and report the corresponding amounts from the Ohio IT K-1 in columns B and C. Entities/businesses with no
nexus in Ohio should be included in this section but do not require a Section III to be completed.
Important: “Federal Business Income” is the taxpayer’s share of income they reported for federal income tax purposes. Column A is
NOT a total of columns B and C.
(A)
(B)
(C)
IT
Federal Business
Ohio Apportioned
Ohio Apportioned
K-1
Income
Depreciation Adj.
Income
00
00
00
1. Income from FEIN/SSN:
1.
00
00
00
2. Income from FEIN/SSN:
2.
00
00
00
3. Income from FEIN/SSN:
3.
00
00
00
4. Income from FEIN/SSN:
4.
00
00
00
5. Income from FEIN/SSN:
5.
00
00
00
6. Income from FEIN/SSN:
6.
00
00
00
7. Income from FEIN/SSN:
7.
00
00
00
8. Income from FEIN/SSN:
8.
00
00
00
9. Income from FEIN/SSN:
9.
00
00
00
10. Income from FEIN/SSN:
10.
00
00
00
11. Income from FEIN/SSN:
11.
00
00
00
12. Income from FEIN/SSN:
12.
00
00
00
13. Income from FEIN/SSN:
13.
00
00
00
14. Income from FEIN/SSN:
14.
00
00
00
15. Income from FEIN/SSN:
15.
00
00
00
16. Income from FEIN/SSN:
16.
00
00
00
17. Income from FEIN/SSN:
17.
00
00
00
18. Income from FEIN/SSN:
18.
00
00
00
19. Income from FEIN/SSN:
19.
00
00
00
20. Income from FEIN/SSN:
20.
21. Enter the total of all additional entities,
00
00
00
if any............................................................. 21.
22. Totals (sum of lines 1 through 21, by
00
00
00
Column)........................................................ 22.
Enter the total from column A, line 22 on Section I, line 5, column A. Enter the total from column B, line 22, on Section I, line 7. If
line 22, column C, is zero or less, enter the amount from line 22, column C, on Section I, line 5, column B and STOP HERE.
- 2 -
IT NRCE
Rev. 08/19
10211411
Section III – Entity/Source-Level Business Income & Apportionment
A separate Section III must be completed for each entity/source of business income with nexus in Ohio. However, if an Ohio IT K-1 has
been provided to the taxpayer by a pass-through entity, a copy of the Ohio IT K-1 should be attached with this form in lieu of completing
a Section III for that entity.
Name of estate
FEIN/SSN
Business name/description
FEIN/SSN
Part A - Apportionment Ratio for This Entity/Source
(2)
(3)
(4)
(5)
(1)
Total
Ratio
Weight
Weighted
Within Ohio
Everywhere
Ratio
(carry to six
(carry to six
decimal places)
decimal places)
1. Property.
(1a) Owned (average cost) .......................................
(1b) Rented (annual rental x 8).................................
.
.
(1c) Total (lines 1a plus line 1b) ................................
1c.
x
=
=
÷
2. Payroll (see Exclusions in the
.
instructions).............................................................
.
2.
x
=
=
÷
3. Sales (see Exclusions in the
.
.
instructions)............................................................
=
3.
=
x
÷
.
4. Ohio apportionment ratio. Add lines 1c, 2 and 3.......................................................................................................
4.
Part B - Apportionable Business Income & Deductions
Include on these lines all amounts, included on the taxpayer’s federal filing, that constitute business income from the entity/source entered
above. See R.C. 5747.01(B).
00
5. Schedule B - Interest and Ordinary Dividends............................................................................................5.
00
6. Schedule C - Profit or Loss from Business.................................................................................................6.
00
7. Schedule D - Capital Gains and Losses.....................................................................................................7.
00
8. Schedule E - Supplemental Income & Loss (excluding guaranteed payments).........................................8.
9. Guaranteed payments, wages and/or compensation from a pass-through entity in which the
00
taxpayer has at least a 20% direct or indirect ownership interest.............................................................. 9.
00
10. Schedule F - Profit or Loss from Farming..............................................................................................10.
00
11. Other business income and/or federal conformity additions reported on Ohio Schedule II....................11.
00
12. Other business deductions and/or federal conformity deductions reported on Ohio Schedule II...........12.
00
13. Total Business Income (sum of lines 5 through 11 minus line 12)..........................................................13.
00
14. Gain (loss) described in R.C. 5747.212 if any such gain (loss) is included in the lines above...............14.
00
15. Line 13 minus line 14 (if line 14 is a loss); line 13 plus line 14 (if line 14 is a gain)................................ 15.
00
16. Non-R.C. 5747.212 income apportioned to Ohio (multiply line 4 by line 15).......................................... 16.
00
17. R.C. 5747.212 income apportioned to Ohio (enclose detailed computations)........................................17.
18. Ohio Apportioned Income (line 16 plus line 17). Enter here and on the line for this entity/source in
00
Section II, column C................................................................................................................................ 18.
Part C - Apportionable Ohio Depreciation Adjustments from Ohio Schedule II
Include on these lines only amounts representing Ohio’s addback and corresponding deductions for Internal Revenue Code
section 179 and 168(k) depreciation expense that are reported on Ohio Schedule II and are attributable to the entity/source above.
00
19. IRC section 179 & 168(k) depreciation expense addback......................................................................19.
00
20. IRC section 179 & 168(k) depreciation expense deduction....................................................................20.
00
21. Net apportionable Ohio Schedule II depreciation adjustment (line 19 minus line 20)............................ 21.
22. Ohio Apportioned Depreciation Adjustment (multiply line 4 by line 21). Enter here and on the line
00
for this entity/source in Section II, column B...........................................................................................
22.
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