Important California PTET update plus the taxation of collectibles
You have to run the numbers. It always saves federal tax, and it in most cases does not increase state tax as long as the credit is fully used. You need to do planning on the federal tax deduction by determining when to pay the tax.
Hi Tom- what analysis did
you do to determine if it was beneficial to make
The PTET tax for 2021 and 2022?!