Does Illinois allow a deduction for medical marijuana? If so, which form or line? Thank you

leroyce · ‎June 4, 2019

My tax business is located in Illinois, does Illinois allow a deduction for medical marijuana?

TomD8 · ‎June 4, 2019

Illinois allows certain deductions to Illinois-registered medical marijuana cultivation facilities. The form used is Illinois Form MC-3. Here's a link to that form: http://www.revenue.state.il.us/taxforms/Misc/MedicalCannabis/MC-3.pdf

An individual taxpayer cannot take a tax deduction for the cost of medical marijuana.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

TomD8 · ‎June 4, 2019

Illinois allows certain deductions to Illinois-registered medical marijuana cultivation facilities. The form used is Illinois Form MC-3. Here's a link to that form: http://www.revenue.state.il.us/taxforms/Misc/MedicalCannabis/MC-3.pdf

An individual taxpayer cannot take a tax deduction for the cost of medical marijuana.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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