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

grossie
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TaxMonkey
Level 8

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

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TaxMonkey
Level 8

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

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itonewbie
Level 15

No.   See FAQ published by the City of Philadelphia DoR: https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.phila.gov/media/20190117124605/199A...

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grossie
Level 5
itonewbie,  Many thanks!
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itonewbie
Level 15
YAVW
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