ricklang99
Level 3
01-25-2022
12:47 PM
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In the partnership program, I am assuming the Ca elective tax is reported under State taxes (for Federal tax purposes) in order to get a deduction on the Federal return, is this correct?
However, this basically allocates the State tax deduction (on Federal tax return) to all partners, even those partners that are not making the election to participate. Any help as to whether this is the correct way to report this deduction for Federal purposes? If so, are non elective partners also entitled to a Federal deduction, it seems off?
Appreciate any thoughts
Rick
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