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Level 2
posted Apr 13, 2021 1:32:39 PM

What exactly is "Missouri Source Income"?

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!

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1 Best answer
Expert Alumni
Apr 13, 2021 1:47:36 PM

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

1 Replies
Expert Alumni
Apr 13, 2021 1:47:36 PM

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