

Unraveling the Ohio Taxation of a Sale of a Business Interest Under Current and Future Law
PDF/Printer Friendly Version There is an ongoing debate in Ohio regarding whether the sale of a business interest, such as a stock sale or sale of a partnership or membership interest, generates business income or nonbusiness income for purposes of determining the tax due on an individual owner. The question becomes more complex depending on a whole host of factors, including whether the person is a resident or nonresident, the individual’s relationship with the entity, whe