Ohio § 5747.401
Full text of Ohio Ohio Revised Code § 5747.401, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Ohio § 5747.401
What does Ohio Revised Code § 5747.401 cover?
Section 5747.401 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5747.401?
A common citation format is "Ohio Revised Code § 5747.401" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5747.401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.