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Get your taxes done using TurboTax
Did you make estimated payments for local NYC tax that included MCTMT payments, or are they paid separately? If paid separately, don't include them. If paid together, it depends.
Do you want the deduction on Schedule A, or as an expense your Schedule C? Both ways are acceptable; you could test which is better for your overall situation.
Here's more detailed discussion on MCTMT Taxes.
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‎April 16, 2025
11:35 AM