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For taxable years beginning in 2018, 2019, 2020, 2021 and 2022 you may only deduct net operating
losses prescribed by ORC 718 for losses incurred in taxable years beginning on or after January 1, 2017.
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The business allocation percentage formula is to be used by all entities and corporations doing business
within and out of CCA municipalities. See ORC 718.02 for more information.
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1. Use Schedule Y, Part A if business activity is conducted in more than one city.
2. Complete the loss carry forward schedule on the front of the tax return to allocate the loss.
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and the sum is divided by two.
4. Whenever a line is provided for a city name, enter name of city where business is conducted.
Enter word “multiple” if business is conducted in more than one municipality, none of which are
CCA member municipalities.
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community where the business was conducted or the property located.
6. Attach all K-1 forms, to include partner or shareholder home address (or a separate schedule
listing all required K-1 information).
SPECIFIC INSTRUCTIONS
HEADING — Print or type the information in the spaces provided.
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period covered by the return.
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GHWHUPLQH ZKDW DPRXQW WR UHSRUW DV ³,QFRPH SHU DWWDFKHG IHGHUDO UHWXUQ ´
/,1( $ ² (QWHU DPRXQW IURP OLQH 0 RI 6FKHGXOH ;
/,1( % ² (QWHU DPRXQW IURP OLQH = RI 6FKHGXOH ;
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/,1( $ — The result of line 1 plus line 2-A less line 2-B.
/,1( % ² ,I DOO \RXU EXVLQHVV LQFRPH LV DOORFDEOH WR RQH municipality, enter 100% and report the
DPRXQW RQ OLQH $ ,I \RXU EXVLQHVV LQFRPH LV DOORFDEOH WR PRUH WKDQ RQH municipality,
please complete Schedule Y on page 2 of the return and report the total from Schedule Y
on this line.
/,1( & — Enter the amount of the allowable prior year loss carryforward.
LINE 4 — The result of line 3-B less line 3-C is the income subject to the city income tax this year.
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,I WZR RU PRUH FLWLHV DUH LQYROYHG FRPSOHWH 6FKHGXOH < ¿UVW
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COLUMN 2 — List taxable income from each city by line.
COLUMN 3 — Find tax rate in Tax Rate Schedule for each city in which income was earned.
COLUMN 4 — Multiply column 2 by column 3.
COLUMN 5 — Enter any overpayment carried forward as a credit from previous tax year.
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COLUMN 7 — Column 4 less columns 5 and 6 which equals column 7a Net Tax Due. An
overpayment can be credited to next year in column 7b or refunded in column 7c.
/,1( — Total each column.
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