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January 31, 2020
Question

Problem with 2nd state and business income

  • January 31, 2020
  • 1 reply
  • 0 views

So I live in Missouri but work a full time job in the state of Kansas. 

 

My wife and I have a couple businesses that we operate out of our home in Missouri.

 

I noticed that when I put my business income into TurboTax that it seems seems to change the amount we owe to Kansas 

 

This can't be right can it? 

 

What am I doing wrong here. 

 

Our home address in turbotax says Missouri. 

 

On the section that says, "Tell us about your business" I checked the box that says my home address is the same as my business

1 reply

January 31, 2020

Verify that the income you are adding for the Missouri return is not being included in the Kansas return.  There should be a form for Kansas that lists income taxed there. Look at your Schedule S page 2 part B .  Hope this helps.

gottifireAuthor
January 31, 2020

On Part B, B6 it shows 0 for Business income or loss for Kansas. 

 

If that's truly the case then why do I owe more to KS when I put in my business income?

January 31, 2020

Most likely because Kansas is allocating deductions based on a percentage of Kansas income vs. total income.