My client has a home office in Brooklyn. In 2024 his net Schedule C income was $90,000. $20,000 of which he made while physically present in Singapore. Am I reading the instructions correctly that because he has a home office in Brooklyn he pays the MCTMT on his income of $90,000 including the $20,000 earned in Singapore?
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See if this helps you - https://www.zillionforms.com/2016/P668403586.PDFUncle Sam, CPA, EA. ARA, NTPI Fellow
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