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 D 403 NC K 1 Web 7 23 Partner S Share of nor 2023

Nc D 403 Instructions 2023-2025 Form

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Instructions and help about north carolina d 403 instructions 2020

hey everybody this is Ray halste and Andrew McMill with rehcpa today we want to talk about the salt tax workaround for North Carolina when we say salt we're talking about state and local Taxation and a good majority of us are able to deduct our state and local taxes on our individual tax return for an itemized that if we're doing automized deductions several years ago they put a limitation on the amount of state and local taxes that could be deducted I believe they kept it at ten thousand dollars but I've got Andrew McMillan here today to go around the salt tax work around for North Carolina Andrew can you talk to us a little bit about that so again salt stands for state and local tax and a lot of small business owners have been limited on being able to deduct their state and local taxes because of this limitation that we've talked about you're capped at ten thousand dollars on your individual tax return on deducting your state and local taxes bu

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