IRS Issues Guidance on Interest Deduction, and It’s Good News for P3 Projects
Last year’s Tax Cuts & Jobs Act (“TCJA”) left open the possibility that a full tax deduction for interest on debt could be in jeopardy. But the IRS recently finalized its guidance, and it preserves a safe harbor for contractors and investors in P3s to deduct the interest. The upside, of course, is that an …
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