NASSAUSUFFOLK

 View Only
Back to discussions
Expand all | Collapse all

NYS Real Estate Tax credit for manufacturers

  • 1.  NYS Real Estate Tax credit for manufacturers

    Silver Most Valuable Member
    Posted 07-20-2015 04:15 PM

    Would an LLC taxed as a partnership engaged in a qualifying activity and paying the real estate taxes on the property be able to pass the credit on to its members if the real estate is owned by a separate LLC owned by the same members?

    ------------------------------
    Fred Epstein
    CPA
    FEIN & FEIN, PC
    jericho NY
    ------------------------------



Discussion Disclaimer

The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.