SALT Workaround Client Letter - Spidell

SALT Workaround Client Letter

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Message Board SALT Workaround Client Letter

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    • #314747
      Anonymous
      Participant

      Does Spidell offer a letter that can be sent to clients explaining the SALT workaround?

    • #314748
      Lynn Freer
      Participant

      Not yet. We are waiting for answers for a few important questions. But we are working on one

    • #314779
      Beth Veniar
      Participant

      Thank you!

    • #314807
      Anonymous

      Lynn, Does Spidell have a list of what those important questions are?  I know what my questions are.  I wonder what else I am missing.

      1. Will Fed allow a deduction for the PTE credit paid against all K-1 income or just Box 1 income?
      2. Will CA fix the TMT limitation?
    • #314814
      Lynn Freer
      Participant

      We have a list that is changing continuously but haven’t published the list

    • #315419
      Anonymous

      3. Will the Fed allow a deduction for an accrual basis PTE, if the elective payment is made after year-end?

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