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2016 Ohio IT 4708
Rev. 9/16 Pass-Through Entity
16160106
Composite Income Tax Return

Check here if amended return Check here if ﬁ nal return For taxable year ending in
FEIN MM / 2 0 16
Entity Type: S corporation Partnership
(check only one)
Limited liability company Other
Name of pass-through entity

Address (if address change, check box)

City State ZIP code

Number of investors included in return Apportionment ratio, line 6 Ohio charter or license no. (if S corp)

Questionnaire Yes No N/A
A. If the pass-through entity is an S corporation, did the pass-through entity pay any compensation or remuneration to any
nonresident investors or nonresident members of the investor’s family? If yes, include a list of those individuals (include
SSNs) who received such compensation or remuneration and the amount(s) .....................................................................
B. If the pass-through entity is, or is treated as, a partnership for federal income tax purposes, did the pass-through entity
make any guaranteed payments to any of its partners or equity investors? If yes, include a list of those partners or equity
investors (include SSNs and FEINs) who received such guaranteed payments and the amount(s) .....................................

If the amount on a line is negative, place a negative sign (“–”) before the ﬁ gure.
Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations
00
1. Total income (loss) (from Schedule II, line 40).................................................................................... 1. .
00
2. Total deductions (from Schedule III, line 49)....................................................................................... 2. .
00
3. Income (loss) to be allocated and apportioned (line 1 minus line 2).................................................. 3. .
4. Net allocable nonbusiness income (loss) everywhere, if any, and gain (loss) described in R.C. 00
5747.212. (Include explanation and supporting schedules.) .......................................................................... 4. .
00
5. Apportionable income (loss) (line 3 minus line 4)....................................................................................... 5. .

6. Ohio apportionment ratio (from Schedule IV, line 53)................................................................................. 6.
00
7. Income (loss) apportioned to Ohio (line 5 times line 6).............................................................................. 7. .
8. Net nonbusiness income (loss) allocated to Ohio and gain (loss) apportioned to Ohio per R.C. 00
5747.212. (Include explanation and supporting schedules.) ...................................................................... 8. .
00
9. Ohio taxable income (sum of lines 7 and 8, but not less than -0-)............................................................. 9. .
00
10. Tax before credits (multiply the amount on line 9 by .04997) .................................................................................... 10. .
00
11. Nonrefundable business credits (include Schedule E) .............................................................................. 11. .
00
12. Tax due after nonrefundable business credits. Line 10 minus line 11. If less than -0-, enter -0- ............... 12. .

Do not write in this area; for department use only.

2016 IT 4708 – pg. 1 of 6

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                                                                                                                           2016 Ohio IT 4708 
                       Rev. 9/16                                                                                          Pass-Through Entity 
                                                                                                                                                                 16160206
                                                                                                       Composite Income Tax Return
FEIN

Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations...cont.
                                                                                                                                                                                                 00
   13.  Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210) ....................................... 13.                                                                 .
                                                                                                                                                                                                 00
     .................................................................14.  Ohio IT 4708ES and IT 4708P payments14.for the taxable year                                                          .
   15.  Ohio IT 1140ES and IT 1140P payments transferred to this form and any payments made with                                                                                                 00
     previously ﬁ led return(s) for this taxable year ........................................................................................... 15.                                           .
  16.  Ohio IT 4708ES and IT 4708P payments transferred to Ohio IT 1140 and overpayments, if any,                                                                                                00
     previously claimed for this taxable year.................................................................................................... 16.                                           .
                                                                                                                                                                                                 00
   17.  Total net Ohio estimated tax payments for 2016 (sum of lines 14 and 15 minus line 16) ........................ 17.                                                                      .
                                                                                                                                                                                                 00
   18.  Amount of 2015 overpayment credited to 2016 (see 2015 Ohio IT 4708, line 22) ................................... 18.                                                                    .
                                                                                                                                                                                                 00
  19.  Total refundable business credits (from Schedule V, line 60) ................................................................... 19.                                                     .
                                                                                                                                                                                                 00
  20.  Total of lines 17, 18 and 19....................................................................................................................... 20.                                  .
                                                                                                                                                                                                 00
   21.  Overpayment, if any (line 20 minus the sum of lines 12 and 13, but not less than -0-) ............................ 21.                                                                  .
   22.  Amount of line 21 to be credited to year 2017 tax liability (if this is an amended return, enter -0-)
                                                                                                                                                                                                 00
      ................................................................................................................................  CREDIT TO 2017 22.                                     .
                                                                                                                                                                                                 00
  23.  Amount of line 21 to be refunded (line 21 minus line 22).......................................... YOUR REFUND 23.                                                                      .
                                                                                                                                                                                                 00
   24.  Net amount due, if any (sum of lines 12 and 13 minus line 20, but not less than -0-).............................. 24.                                                                  .
                                                                                                                                                                                                 00
     25.  Interest and penalty due on late-paid tax and/or late-ﬁ led return, if any ................................................... 25.                                                    .
  26.  Total amount due, if any (sum of lines 24 and 25). Make check payable to Ohio Treasurer of State,                                                                                         00
     include Ohio IT 4708P and place FEIN on check ......................................... TOTAL  AMOUNT DUE26.                                                                              .
                       If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary.

Sign Here (required):I declare under penalties of perjury that this report, including any ac-
companying schedules and statements, has been examined by me and to the best of my knowledge                                                           Do not staple or otherwise attach. 
and belief is a true, correct and complete return and report.                                                                                 Place any supporting documents, including 
                                                                                                                                                      K-1’s, after the last page of this return.
Pass-through entity ofﬁ cer or agent (print name)  

Title of ofﬁ cer or agent (print name)                                                                                Phone number                               Mail to: 
                                                                                                                                                       Ohio Dept. of Taxation
Signature of pass-through entity ofﬁ cer or agent  Date                                                                                                        P.O. Box 181140
                                                                                                                                                       Columbus, OH 43218-1140
Preparer’s name (print name)                                                                                          Phone number
                                                                                                                                                       Instructions for this form are on 
Preparer’s e-mail address                                                                                             PTIN                                     our Web site at tax.ohio.gov.
Do you authorize your preparer to contact us regarding this return?  Yes                                                              No

                                                                                                                                                               For Department Use Only

                       Do not write in this area; for department use only.                                                                                     / /
                                                                                                                                                               Postmark date  Code

                                                                                                                                                      2016 IT 4708 – pg. 2 of 6

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2016 Ohio IT 4708
Rev. 9/16 Pass-Through Entity
16160306
Composite Income Tax Return
FEIN

If the amount on a line is negative, place a negative sign (“–”) before the ﬁ gure.
Schedule II – Income and Adjustments
Items reﬂ ected on lines 27-49 are the combined amounts from the federal Schedule K-1(s) for the taxable year for only those investors who are participating
in the ﬁ ling of this return. Include with this return a copy of the applicable federal 1120S or 1065 and K-1(s) of participating investors.
00
27. Ordinary business income (loss)...................................................................................................... 27. .
28. The investors’ shares of expenses and losses incurred in connection with all direct and
indirect transactions between the pass-through entity and its related members, including
00
certain investors’ family members....................................................................................................... 28. .
29. Guaranteed payments that the pass-through entity made to each investor participating
in the ﬁ ling of this return if such investor directly or indirectly owns at least 20% of the 00
............................................................................................................................pass-through entity 29. .
30. Compensation that the pass-through entity paid to each investor participating in the ﬁ ling
of this return if such investor directly or indirectly owns at least 20% of the pass-through 00
entity. Reciprocity agreements do not apply ........................................................................................ 30. .
00
31. Net income or (loss) from rental activities other than amount shown on line 27 .............................. 31. .
32. Portfolio income (loss). See note below. 00
a. Interest income ............................................................................................................................... 32a. .
00
b. Dividends............................................................................................................................................ b. .
00
c. Royalties ............................................................................................................................................ c. .
00
d. Net short-term capital gain (loss) ........................................................................................................ d. .
e. Net long-term capital gain (loss). Exclude from this line any capital loss carryforward
amount. Note: If the sum of lines 32d and 32e results in a net loss, the net allowable
loss for the sum of these two lines cannot exceed the product of $3,000 and the number 00
.................................................................................of participating investors included in this return e. .
00
f. Other portfolio income (loss)............................................................................................................... f. .
00
33. Net gain (loss) under I.R.C. 1231 ..................................................................................................... 33. .
34. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense  2/3,  5/6
or 6/6 (check applicable box) and miscellaneous federal income tax adjustments. 00
Include a separate schedule showing calculations .......................................................................... 34. .
00
35. Other income (loss). Include schedule ............................................................................................. 35. .
00
36. Pass-through entity and ﬁ nancial institutions taxes paid .................................................................. 36. .
37. Non-Ohio state or local government interest and dividends earned by the pass-through 00
entity but not included above............................................................................................................ 37. .
00
38. State and local income taxes deducted in arriving at income .......................................................... 38. .
39. Losses from the sale or other disposition of Ohio public obligations if such losses have 00
been deducted in determining federal taxable income..................................................................... 39. .
00
40. Total income (loss) (add lines 27 through 39; enter here and on Schedule I, line 1) ........................ 40. .

Do not write in this area; for department use only.

2016 IT 4708 – pg. 3 of 6

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2016 Ohio IT 4708
Rev. 9/16 Pass-Through Entity
16160406
Composite Income Tax Return
FEIN

Schedule III – Deductions
List only those deductions that have not already been used to reduce any income items set forth in Schedule II.
00
41. I.R.C. 179 expense not deducted in calculating line 27 ............................................................................ 41. .
42. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense added back in applicable previous
years and miscellaneous federal income tax adjustments. Include a separate schedule showing 00
calculations designating 1/2, 1/5 or 1/6................................................................................................ 42. .
00
.................................................................43. Net federal interest and dividends exempt43.from state taxation .
44. Other separately stated K-1 amounts that are allowable as deductions in arriving at federal adjusted gross 00
income and amounts contributed to individual development accounts. (Include a detailed schedule of items.) ... 44. .
00
45. Exempt gains from the sale of Ohio state or local government bonds..................................................... 45. .
00
46. Wage and salary expense not otherwise deducted because of a federal work opportunity tax credit ..... 46. .
47. Interest or income earned on Ohio public obligations and Ohio purchase obligations if such interest or 00
income is included on any of lines 27-35 ................................................................................................. 47. .
48. Net gain included in line 40 resulting from the sale, exchange or other disposition of Ohio public obliga- 00
tions (do not enter amounts shown on line 45) ........................................................................................ 48. .
00
49. Total deductions (add lines 41-48; enter here and on Schedule I, line 2) ................................................ 49. .
Schedule IV – Apportionment Worksheet
Use this schedule to calculate the apportionment ratio for a pass-through entity that is not a ﬁ nancial institution as deﬁ ned in Ohio Revised Code section
(R.C.) 5725.01. If the pass-through entity is a ﬁ nancial institution, refer to the instructions. Note: All ratios are to be carried to six decimal places.
50. Property Within Ohio Total Everywhere
00 00
a) Owned (average cost) . .
Within Ohio Total Everywhere
00 00
b) Rented (annual rental X 8) . .
Within Ohio Total Everywhere
00 00
c) Total (lines 50a and 50b) . ÷ .
Ratio Weight Weighted Ratio
= x 0 =
Within Ohio Total Everywhere
00 ÷ 00
51. Payroll . .
Ratio Weight Weighted Ratio

= x 0 =
Within Ohio Total Everywhere
00 00
52. Sales . ÷ .
Ratio Weight Weighted Ratio

= x 0 =
Weighted Ratio

53. Total weighted apportionment ratio (add lines 50c, 51 and 52). Enter ratio here and on Schedule I, line 6.
Note: If the denominator of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the
combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%.

Do not write in this area; for department use only.

2016 IT 4708 – pg. 4 of 6

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2016 Ohio IT 4708
Rev. 9/16 Pass-Through Entity
16160506
Composite Income Tax Return
FEIN

Schedule V – Refundable Business Credits
Note: Certiﬁ cates from the Ohio Development Services Agency and/or Schedule K-1(s) must be included to verify each refundable credit claimed.

00
54. Ohio historic preservation credit..............................................................................................................54. .
00
55. Business jobs credit .................................................................................................................................55. .

00
56. Pass-through entity credit ........................................................................................................................56. .
00
57. Losses on loans made to Ohio venture capital program ..........................................................................57. .
00
58. Motion picture production credit ..............................................................................................................58. .
00
59. Financial Institutions Tax (FIT) credit .......................................................................................................59. .
00
60. Total refundable business credits (enter here and on Schedule I, line 19)..... .........................................60. .

Schedule VI – Investor Information
Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percent-
age. Use an additional sheet, if necessary.
SSN FEIN Percent of ownership Amount of PTE tax credit
00
.
First name/entity M.I. Last name

Address

City State ZIP code

SSN FEIN Percent of ownership Amount of PTE tax credit
00
.
First name/entity M.I. Last name

Address

City State ZIP code

Do not write in this area; for department use only.

2016 IT 4708 – pg. 5 of 6

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2016 Ohio IT 4708
Rev. 9/16 Pass-Through Entity
16160606
Composite Income Tax Return
FEIN

Schedule VI – Investor Information...cont.
Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percent-
age. Use an additional sheet, if necessary.
SSN FEIN Percent of ownership Amount of PTE tax credit
00
.
First name/entity M.I. Last name

Address

City State ZIP code

SSN FEIN Percent of ownership Amount of PTE tax credit
00
.
First name/entity M.I. Last name

Address

City State ZIP code

SSN FEIN Percent of ownership Amount of PTE tax credit
00
.
First name/entity M.I. Last name

Address

City State ZIP code

SSN FEIN Percent of ownership Amount of PTE tax credit
00
.
First name/entity M.I. Last name

Address

City State ZIP code

Do not write in this area; for department use only.

2016 IT 4708 – pg. 6 of 6

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