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SALT Deduction Cap Workaround Could Help Landlords Reduce Federal Tax Bills

5.27.22 | 27east

To kick off the summer season, many of our clients and prospects headed out to the Hamptons. As such, Richard Goldstein, Senior Principal and Co-Leader of Berdon’s State and Local Tax Practice spoke to 27east and lent his expertise for an article covering the Pass-Through Entity Tax (PTET). The piece, which also ran in The Southampton Press, The East Hampton Press, and The Sag Harbor Express, explained how electing to pay the tax could help some business owners, including landlords, work around the $10,000 cap on the state and local tax deduction.

For more on the PTET and to access the full article, click here.