Connecticut’s SALT bypass offers hidden perk for money managers

CONNECTICUT owners of so-called pass-through businesses currently have a workaround to the federal $10,000 SALT deduction limit due to a state law passed earlier this year. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
CONNECTICUT owners of so-called pass-through businesses currently have a workaround to the federal $10,000 SALT deduction limit due to a state law passed earlier this year. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK - Hedge fund and private equity managers in Connecticut may have more to like about the state’s novel workaround for a new cap on state and local tax deductions. Not only do those who live and work in the state get a break on their property taxes, they can also shave the tax bill…

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