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Schedule B-3 (Combined) –

Related Entity and Related Member Adjustments

The related member adjustments apply to all cor-

tion of each loss actually allocated to Ohio on

entity gain adjustment is limited to that portion

porations that pay interest expense or intangible

line 10 or apportioned to Ohio on line 9.) If an

of each gain actually allocated to Ohio on line

expense to certain related members.

excess related entity loss is attributable to a loss

10 or apportioned to Ohio on line 9.) If an ex-

that was allocated in whole or in part to Ohio,

cess related entity gain is attributable to an ap-

Lines 1, 2, 4, 6, and 10 – Follow the Schedule

the excess related entity loss is allocable on line

portionable gain, the excess related entity gain

B-3 line instructions in the Ohio corporation fran-

19. If an excess related entity loss is attribut-

is apportionable on line 13.

chise tax report instructions booklet. For each

able to an apportionable loss, the excess re-

corporation included in the combined report en-

lated entity loss is apportionable on line 12.

Enter on line 13 each corporation’s total appor-

ter the line item amounts in the column for that

tionable excess related entity gain. Enter in col-

corporation. Enter in column (1) the sum of the

Enter on line 12 as a positive number each

umn (1) the sum of the amounts in column (2)

amounts of columns (2) through (5).

corporation’s total apportionable excess related

through (5).

entity loss. Enter in column (1) the sum of the

Line 8 – Enter each corporation’s Ohio appor-

amounts in columns (2) through (5).

Enter on line 20 each corporation’s total allo-

tionment ratio from Schedule D (Combined),

cable excess related entity gain.

line 17. Enter in column (1) the sum of the

Enter on line 19 as a positive number each

amounts in columns (2) through (5).

corporation’s total allocable excess related en-

Line 14 – Follow the Schedule B-3, line 13 in-

tity loss.

structions contained in the Ohio corporation

Lines 12 and 19 – Review the instructions for

franchise tax report instructions booklet but do

Schedule B-3, line 11 in the Ohio corporation

Lines 13 and 20 – Review the instructions for

not determine the O.R.C. section 5733.055 limi-

franchise tax report instructions booklet. Also,

Schedule B-3, line 12, in the Ohio corporation

tation on a separate company basis. The O.R.C.

analyze the related entity losses deducted from

franchise tax report instructions booklet. Also,

section 5733.055 limitation is determined on a

each corporation’s federal taxable income on

analyze the related entity gains added to each

combined basis on line 15, Schedule B-3

lines 1 and 2, above. For each related entity

corporation’s federal taxable income on lines 1

(Combined). For each corporation included in

loss deducted, determine the excess related

and 2, above. For each related entity gain

the combined report enter the line item amount

entity loss, if applicable. (Excess related entity

added, determine the excess related entity

in the column for that corporation. Enter in col-

loss is the amount by which the loss actually al-

gain, if applicable. (Excess related entity gain

umn (1) the sum of the amounts in columns (2)

located or apportioned to Ohio and to other

is the amount by which the gain actually allo-

through (5).

states that impose a tax on or measured by net

cated or apportioned to Ohio and to other states

income exceeds the total loss from the sale or

that impose a tax on or measured by net income

other disposition of the asset. The excess re-

exceeds the total gain from the sale or other

lated entity loss adjustment is limited to that por-

disposition of the asset. The excess related

Instructions For Schedule B-3 (Combined) - Related Entity And Related Member Adjustments

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