2022-02-022022-02-022021-12-02https://dc.statelibrary.sc.gov/handle/10827/42361The 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.application/pdfDocumentCopyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))Advisory opinions--South CarolinaIncome tax--South CarolinaText