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Level 5
December 7, 2019
Solved

Does the City of Philadelphia take into account the Federal QBI deduction for reporting Sch C net profits?

  • December 7, 2019
  • 2 replies
  • 13 views
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Best answer by TaxMonkey

Even the federal government does not take the QBI deduction into account for reporting Schedule C net profit.

2 replies

TaxMonkeyAnswer
Level 7
December 7, 2019

Even the federal government does not take the QBI deduction into account for reporting Schedule C net profit.

itonewbie
Level 15
December 7, 2019
---------------------------------------------------------------------------------Still an AllStar
grossieAuthor
Level 5
December 7, 2019
itonewbie,  Many thanks!