Looks like the assembly bill 150 is passed allowing the workaround.
Has anyone in this forum setup pass-through corporation? Would love to learn more.
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Is this legal from Fed standpoint?
Several other states are already doing that and IRS / Fed seem to be okay with this.
Helpful FAQ
https://www.armaninollp.com/articles/new-california-salt-cap-workaround-faq/