How do I allocate my Business Income/(Loss) on my Part-Year or Nonresident Missouri return?

Business income and/losses are created on federal Schedule C. The net amount of all Schedule C's are reported on federal Form 1040, line 8.

Nonresidents:

You would generally include business income and/or loss from Missouri source income: businesses that are based in (located) and generate income in Missouri.

Part year residents:

You would generally include all business income and/or losses that you earned during your period of residency. If your business remains in Missouri after you move, this income is considered Missouri source income and is taxable to Missouri regardless of your new state of residency.

Program Entry

1. State Section
2. Edit state return
3. MO-NRI Missouri Income Percentage
4. Business Income/Loss