What exactly is "Missouri Source Income"?

gingerpeach123 · ‎April 13, 2021

The Missouri state return has a deduction based on "Missouri-source net profit" from businesses that file Schedule C. I have a home-based business (single-member LLC) in Missouri and do the work from there, but my clients are all over the world. Is my income still considered "Missouri source" or does it depend on where the client is located?

Thanks!

MaryK4 · ‎April 13, 2021

Yes, your LLC income is Missouri based because Missouri is the "base of operations".

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MaryK4 · ‎April 13, 2021

Yes, your LLC income is Missouri based because Missouri is the "base of operations".

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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What exactly is "Missouri Source Income"?