Ephesians3-14
Level 8
01-17-2022
01:23 PM
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Can my S Corporation pay my property taxes so that it can in turn deduct them on the Federal S Corp return? Would that allow me to deduct real estate taxes that might not otherwise be deducted because of the $10,000 SALT limitation?
I think the answer is NO because the corporation doesn't have an obligation in the first place to pay my property taxes. Other thoughts?
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