Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.
IRS allows some businesses to skirt cap on state and local tax deductions
Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.
IRS allows some businesses to skirt cap on state and local tax deductions