Strongsilence-C PA
Level 10
06-09-2023
10:38 AM
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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).
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sjrcpa
Level 15
06-09-2023
01:16 PM
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Are you sure Box 1 wasn't already reduced by the PTET?
The more I know the more I don’t know.