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CA PTE Tax

Ember123
Level 4

California individual program does not appear to be updated as of Feb 15 2022 to reflect removal of Tentative minimum tax  PTE credit limit  legislation enacted in the last couple of weeks in California. Would you agree, Lacerte community ?

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3 Comments 3
sjrcpa
Level 15

Agree. The law was signed February 9, 2022.

Intuit needs time.

The more I know, the more I don't know.
COGS
Level 3

Am I correct that allowing LLC's to participate is not current as well. I don't want to call Lacerte for no reason.  Any news on K2 and K3.  Those are insane!

 

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Ember123
Level 4

You will know by looking at the individual tax return. That's where the action is.

 

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