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 -
Business activity
Business activity is carried on inside the MCTD if you have, maintain, operate, or occupy desk space, an office, a shop, a store, a warehouse, a factory, an agency, or other place located in the MCTD where your business matters are systematically and regularly carried on. Similarly, business activity is carried on outside of the MCTD if you have, maintain, operate, or occupy desk space, an office, a shop, a store, a warehouse, a factory, an agency, or other place located outside the MCTD where your matters are systematically and regularly carried on.
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