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(g) Deduct, to the extent not otherwise deducted or excluded in computing federal taxable income,
<br />any income derived from a transfer agreement or from the enterprise transferred under that agreement under
<br />Section 4313.02 of the ORC;
<br />(h)i) Except as limited by divisions (iii, ,
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<br />this seetion.
<br />(b) Fef taxable year-s beginfiing in 2023 or- they-eafter-,
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<br />, 2020, 2021, or- 2022, l:;;ll.,l F *1,:.
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<br />°e*;^i °',a" ^ p'), *^ *',° ^ „+ ^ °d f^^°ara Deduct exempt income to the extent not otherwise
<br />deducted or excluded ui computin?adjusted federal taxable income.
<br />(i) Deduct any net profit of a pass-through entity owned directly or indirectly by the taxpayer and
<br />included in the taxpayer's federal taxable income unless an affiliated group of corporations includes that
<br />net profit in the group's federal taxable income in accordance with division (V)(3)(b) of Section 5.
<br />(j) Add any loss incurred by a pass-through entity owned directly or indirectly by the taxpayer and
<br />included in the taxpayer's federal taxable income unless an affiliated group of corporations includes that
<br />loss in the group's federal taxable income in accordance with division (V)(3)(b) of Section 5.
<br />If the taxpayer is not a C corporation, is not a disregarded entity that has made an election described in
<br />division (C)(48)(b) of this section, is not a publicly traded partnersliip that has made the election described
<br />in division (C)(24)(e) of this section, and is not an individual, the taxpayer shall compute adjusted federal
<br />taxable income under this section as if the taxpayer were a C corporation, except guaranteed payments and
<br />other similar amounts paid or accrued to a partner, former partner, shareholder, former shareholder,
<br />member, or former member shall not be allowed as a deductible expense unless such payments are in
<br />2
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