Ohio Code § 5747.401
Ohio Code § 5747.401. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5747.401.
(A)(1) Except as otherwise provided in division (B) of this section, for the purposes of sections 5733.40 , 5733.401 , 5733.402 , 5733.41 , and 5747.40 to 5747.457 of the Revised Code , the investors in an investment pass-through entity as defined in section 5733.401 of the Revised Code , hereinafter the “deemed investors,” shall be deemed to be investors in any other
pass-through entity in which the investment pass-through entity is a direct investor
without regard to sections 5733.057 or 5747.231 of the Revised Code . Each deemed investor's portion of such other pass-through entity's adjusted qualifying
amount shall be the adjusted qualifying amount that, without regard to this section,
passes through from such other pass-through entity to the investment pass-through
entity multiplied by the percentage of the deemed investor's direct ownership in the
investment pass-through entity without regard to sections 5733.057 or 5747.231 of the Revised Code . (2) For the purposes of sections 5733.40 , 5733.401 , 5733.402 , 5733.41 , and 5747.40 to 5747.457 of the Revised Code , the investment pass-through entity shall not be deemed to be an investor in such
other pass-through entity. (3) If the taxable year of the investment pass-through entity ends on a day other than
the last day of such other pass-through entity's taxable year, division (A)(1) of
this section applies to those persons who are investors in the investment pass-through
entity on the last day of such other pass-through entity's taxable year ending within
the investment pass-through entity's taxable year. (B) Division (A) of this section applies only to the extent to which the investment pass-through
entity provides on a timely basis to such other pass-through entity the name, address,
and social security number or federal identification number for each direct investor
in the investment pass-through entity without regard to sections 5733.057 and 5747.231 of the Revised Code . Once such other pass-through entity receives such information from the investment
pass-through entity, division (A) of this section applies for such other pass-through
entity's taxable year unless the tax commissioner permits the investment pass-through
entity to revoke the notice that the investment pass-through entity previously provided
to such other pass-through entity.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5747.401
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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