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SC revenue ruling #21-15
South Carolina Department of Revenue
South Carolina Department of Revenue
Abstract
The purpose of this advisory opinion is to provide a brief summary of recent IRS guidance regarding a pass-through entity’s deduction of certain state and local income taxes, provide a brief review of guidance on Code Section 12-6-545(A) through (F), and address general technical and compliance questions regarding the new election in Code Section 12-6-545(G) by a qualified entity to report and pay tax on active trade or business income at the entity level.
Issue Date
12/2/2021
Keywords
Advisory opinions--South Carolina, Income tax--South Carolina
Type
Text
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