Undo And Redo In Legal Kentucky Financial Statements Forms For Free
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Top Questions and Answers
State PTE taxes allow (or in rare cases, require) owners of PTEs, such as partnerships and S corporations, to pay state tax at the entity-level. Because PTEs are not subject to the $10,000 cap, the entity can deduct the state taxes paid in full, reducing the taxable income passed through to its owners.
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