Can my S Corporation pay my Real Estate Taxes? If it can pay my personal withholding tax (PTE), why not?

[Ephesians3-14]

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?

[sjrcpa]

No is the correct answer.

You join the millions of other taxpayers that are subject the the $10K SALT limit.

[ljr]

if you are in NY look at PTET (pass through entity tax) - optional - have to opt in each year. Might be more work than it is worth. www.tax.ny.gov/bus/ptet

[sjrcpa · Accepted solution]

Many other states have a PTE tax, too. But you still can't have the S Corp deduct the shareholder's personal real estate tax.

[PATAX]

 A corporation can only deduct valid business expenses of the corporation on Federal 1120 or 1120S.....just my opinion....