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What do I need to provide to the Missouri Department of Revenue if I claim non-business or non-Missouri source income?

April 26, 2017claim Department income Missouri non-business non-missouri revenue source

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What do I need to provide to the Missouri Department of Revenue if I claim non-business or non-Missouri source income?

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A schedule must be attached that clearly states the nature and/or source of the non-business income in order to be considered by the Missouri Department of Revenue. The schedule must state the reasons that the income is being allocated. For example, a corporation owns a ten story building. The first two stories are used for the corporation’s headquarters and the remaining eight floors are rented to an unrelated company. The rental income for the remaining eight floors is non-business income as it is incidental to the corporation’s main business activity. The only items of income that will be allowed as a deduction as non-Missouri source income is interest from non-Missouri municipal bonds and dividends.