abctax55
Level 15
09-07-2023
12:25 PM
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PTE (PEET) payments are deductible in the year PAID (no matter what year the payment is for) on the Federal return only.
But, if a payment (either $ 1000, or 50% of the prior year PEET - which ever is greater) was not made by 6.15.22 your client isn't eligible for PEET for the 2022 return.
HumanKind... Be Both