Scenario: Apportioning a taxable loss to Pa.

Dec 08, 2016

ABC Corp. is a startup biotech company that conducts R&D activities (property and payroll) in Pa., NJ and NY. During 2015, ABC Corp. had no receipts of any type and incurred a Pa. taxable loss in the amount of $1 million. ABC Corp. was entitled to apportion its taxable loss to Pa., NJ and NY. 


As ABC Corp. had no sales anywhere, how would the corporation apportion its loss to Pa.?


Since the income sourced to Pa. is based solely on sales and there are no sales in Pa. none of the loss is sourced to Pa.
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