Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

CA PTE Tax and apportionment

Level 1

I'm a bit confused as to the outcome of a result and I have to assume I made an entry error somewhere.  I have a client that has both AZ and CA income.  AZ profit apportioned out to be @ $83k, CA profit apportioned out to be @ $14k.  The PTE tax for CA, which we paid $1k in June to opt into is calculating the CA PTE Tax to by @ $9k which is 9.3% on the full $97k company profits.  

Anyone have any idea of how to correct for this?  I tried to override "net income for state purposes" on screen 48.011, but that didn't change anything. 

0 Cheers