To get around a provision in the new tax law limiting federal deductions for state and local taxes to $10,000, investors in states like New York are turning to Alaska. Property owners have been establishing LLCs in no-tax states like Alaska or Delaware to get around the cap, according to Bloomberg. They then transfer parts of that LLC into several non-grantor trusts, which are treated as independent taxpayers. Each trust can take the $10,000 deduction […]
source https://therealdeal.com/2018/06/15/why-savvy-investors-are-using-alaska-to-avoid-property-tax-caps/
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