Strongsilence-C PA
Level 10
06-09-2023
10:38 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The partnership listed the CA PTE tax paid in 2022 in Box 13W of the Federal K-1. What information does this give me with respect to the partner? the CA credit shown on the California K-1 is needed for the California tax return.
I don't know why this partnership felt the need to list the tax paid on a separate K-1 line for deductions.
Finally, I deducted the tax in the Other Deductions section (although I think I could have netted that with Box 1).
Best Answer Click here
Labels