Calif legalized cannabis - Spidell

Calif legalized cannabis

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Message Board Calif legalized cannabis

This topic contains 1 reply, has 2 voices, and was last updated by Sandy Weiner 9 months, 2 weeks ago.

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  • #141325
    Saykin Foo
    Participant

    Hi Lynn Freer: Does California allow all deductions unlike the Fed?

  • #141381
    Sandy Weiner
    Participant

    Corporations can deduct costs of goods sold and business expenses on a CA return because CA corporate tax law does not conform to IRC Sec. 280E. However other taxpayers are treated the same as federal law.

    See our Taxation of Marijuana on-demand webinar for more info.