What is not a benefit to the pass-through entity tax (PTET) election? The full federal deductibility of

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What is not a benefit to the pass-through entity tax (PTET) election?

The full federal deductibility of the entity's state income taxes paid with the PTET.

Taxable income of the shareholder is decreased by the PTET.

There is no federal limit to the amount of PTET that is deductible.

A deduction for shareholder on Form 1040

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 19, 2023 01:32 AM

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What is not a benefit to the pass-through entity tax (PTET) election? The full federal deductibility of

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The detailed answer for the above question is provided below The full federal deductibility of the entitys state income taxes paid with the PTET is no... View the full answer

Income Tax Fundamentals 2013

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