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The State and Local Tax (SALT) cap workaround, resulting from AB 150, allows a taxpayer to pay pass-through income elective tax at the entity level. This qualifies which of the following businesses to avoid the $10,000 Federal cap on state and local tax deductions?
A. Partnerships with members as individuals B. Entities that have a partnership as a partner C. Publicly traded company D. Self-employed taxpayers
Sagot :
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