Solved: How do I determine what % of my Schedule C net income is in a non-resident state?
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Level 3

How do I determine what % of my Schedule C net income is in a non-resident state?

Most of my Schedule C income is in Minnesota, but the expenses are in Wisconsin where I live. Is it just based on the % of gross income earned in MN or do I somehow have to factor in the expenses?

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Accepted Solutions
New Member

How do I determine what % of my Schedule C net income is in a non-resident state?

Unless the WI expenses are disproportionately attributable to the income of one state or another, allocate your Schedule C net income according to the % of gross income earned in each state.

Otherwise,  allocate the expenses in accordance to how they were attributable to the income in each state..

View solution in original post

1 Reply
New Member

How do I determine what % of my Schedule C net income is in a non-resident state?

Unless the WI expenses are disproportionately attributable to the income of one state or another, allocate your Schedule C net income according to the % of gross income earned in each state.

Otherwise,  allocate the expenses in accordance to how they were attributable to the income in each state..

View solution in original post

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