State and Local Tax Deduction Cap Workaround
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In this video, we dive into the State and Local Tax deduction workaround, the pass-through entity tax election. Bryan Eustache, Enrolled Agent and Tax Strategist, breaks down what the PTET election is, the tax considerations, and the potential pitfalls to watch out for. Learn which states offer this election, who can qualify, and how it can impact your federal and state tax returns. Whether you're an owner of a S corporation, partnership, or single-member LLC, this comprehensive guide will help you navigate the complexities of the PTET election and make informed decisions for your business. Don't miss out on these valuable insights!
Business Write-off Playlist: • Business Write-offs
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