CA SALT Workaround Irrevocable Trusts

Technical topics regarding tax preparation.
#1
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490
Joined:
10-Feb-2015 12:14pm
Location:
California
Partnership is owned by irrevocable trusts. Can you pay the 9.3% of the income at partnership level? What if the irrevocable trust distributes out cash to the CA beneficiaries? Does the Passthrough-entity elective tax credit passthrough from the irrevocable trust to the individual? Will it be stuck at the irrevocable trust level if no tax is paid at the trust level?
 

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