Solution-Mr and mrs lukert own a sole proprietorship

Mr and mrs lukert own a sole proprietorship

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Reference no: EM13887679

Mr. and Mrs. Lukert own a sole proprietorship and have no other source of income. This year, they paid $11,674 Massachusetts income tax, all of which is attributable to their business profit. Can they deduct their state income tax as a business expense on Schedule C, or must they report it as an itemized deduction on Schedule A?

Reference no: EM13887679

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Mr and mrs lukert own a sole proprietorship : Mr. and Mrs. Lukert own a sole proprietorship and have no other source of income. This year, they paid $11,674 Massachusetts income tax, all of which is attributable to their business profit. Can they deduct their state income tax as a business expen..

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Mr and mrs lukert own a sole proprietorship

Reference no: EM13887679

Reference no: EM13887679

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