Current Developments: Nebraska PTET Law, 1031s vs. Qualified Opportunity Funds, and R&D Deductions
University of Nebraska College of Law
05.25.2023
Event Sponsor: 2023 John M. Gradwohl Estate and Business Planning Program
During this presentation, Jeff Schaffart and Nick Bjornson covered three topics that can greatly impact tax planning strategies. They began by discussing Nebraska's new pass-through entity tax (PTET) law, highlighting its potential to reduce federal income tax burdens for owners of Nebraska pass-through entities. They then dove into a comparison between 1031 Like Kind Exchanges and Qualified Opportunity Funds, shedding light on these tax-deferral and planning strategies. Lastly, they shared an update on the latest developments in tax credits and deductions, including Section 179D deductions.