LA CPA
Level 2
11-30-2021
06:28 PM
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Where do you input California state tax payments for PTE Income in Lacerte? California passed AB 150, PTEs can now pay state taxes on their income (like a c corp) and it is business deduction on the federal return! On the CA k-1 you should receive a credit which is not refundable. I dont see how to input into lacerte.
Thanks in advance.
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