RoamingCPA
Level 3
03-12-2023
03:26 PM
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Have a full year ID resident that has investments in out of state K-1s for partnerships There are PTE payments on the K-1s applicable to the the other state. Lacerte is calculating the ID credit based on NET tax after the PTE from the other state. It looks like the Form 39R instructions also say the credit for taxes paid to another state are net of all credits. Has anyone run into this issue?