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State: pass-through entity taxes (PTET)
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State: pass-through entity taxes (PTET)
State: pass-through entity taxes (PTET)
Submitted by Intuit Tax Advisor Team on 02-14-2023 07:37 PMDepending on state, the taxpayer-owners of pass through entity taxes (PTEs) may be allowed a state tax credit for the taxpayer’s share of the PTE or may exclude the taxpayer’s share of the PTE’s income in computing state income tax.
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