Deduct state income tax at the entity level — bypass the $10K SALT cap entirely.
36+ states now offer an elective Pass-Through Entity Tax: the S-corp / partnership pays state income tax at the entity level (fully federally deductible as a business expense) and passes a credit to the owner's state return. Neutralizes the $10K SALT cap on all pass-through income. Owners in high-tax states routinely save $20K–$200K/yr with a single-page election.
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.