Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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

grossie
Level 5
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
TaxMonkey
Level 8

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

View solution in original post

0 Cheers
4 Comments 4
TaxMonkey
Level 8

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

0 Cheers
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...

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers
grossie
Level 5
itonewbie,  Many thanks!
0 Cheers
itonewbie
Level 15
YAVW
---------------------------------------------------------------------------------
Still an AllStar
0 Cheers