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State tax filing
there is a way to reduce or avoid the state replacement tax.
IL 1065 line 26
Line 26 — Enter the greater of
• your personal service income as defined in the now-repealed
IRC Section 1348(b)(1); or
• a reasonable allowance for compensation paid or accrued for
services rendered by partners to you.
March 1, 2022
5:27 PM
1,285 Views