helenfain
Level 1
11-21-2022
11:18 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Recreational cannabis is legal in NM. NM taxable income uses federal taxable income which disallows cannabis business deductions that are not part of COGS (Section 280E). Does NM still allow these business deductions or do they follow the federal?