Question

Deductibles in multiple states

Forum|Forum|4 years ago
October 27, 2021
2 replies
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If I do business in multiple states do deductibles have to be accounted for separately based on which state they are from? For example, if I were to have an expense in NY does that have to be separated from expenses in WA and then allocated accordingly? Or do they just fall all under the business total?

Yes, all the business expenses will fall under the business total.

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As mentioned earlier,

The federal would contain all of the business expenses and they are netted together.

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