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Get your taxes done using TurboTax
The Business Privilege Tax is generally deductible as a business expense. However, it can vary depending on the jurisdiction and the structure of the tax.
State taxes paid by a business are typically apportioned among the members based on ownership percentage or agreed distribution method in the partnership or operating agreement. I suggest referring to the operating agreement.
‎October 14, 2024
3:06 PM
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