The PTE (Passthrough Entity) Problem
TOP INVESTIGATIVE REPORTING AND ONLINE JOURNALISM AWARDS BEST BUSINESS AND GOVERNMENT REPORTING
There are a couple of measures moving in this year’s Legislature that are important for the many small businesses here that do business in passthrough entities (partnerships or S Corporations, mostly). So, here’s the problem. The Tax Cuts and Jobs Act of 2016 put a $10,000 hard cap on individual taxpayer deductions for state and […]
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