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For three years, states and taxpayers have been looking for novel ways to get around the federal TCJA's $10,000 cap on deducting state and local taxes. The IRS just released Notice 2020-75, which appears to bless states' passthrough entity tax workaround regimes. But there is a lot more below the surface. There will be winners, losers, and continuing ambiguity. Matt Hunsaker breaks down the issues.

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Questions &amp; Comments: <a href="mailto:mhunsaker@bakerlaw.com">mhunsaker@bakerlaw.com</a>

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Did the IRS Bless the Passthrough Entity Workaround to the $10K SALT Cap?

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