Connecticut’s SALT Bypass Offers Hidden Perk for Money Managers
- Federal tax bills for carried interest profits could be cut
- State approved workaround for partnerships and some LLCs
This article is for subscribers only.
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 for their carried interest profits, a key source of earnings.