Spidell has made a compelling argument that the federal tax deduction for PTE payments paid in 2022 cannot be accrued on the 2021 tax returns (cash or accrual basis, CA state income taxes can be accrued for cash basis taxpayers) Lacerte continues to reduce federal income on the 2021 tax returns for PTE payments to be paid in 2022. Is there any further guidance allowing the accrual of the PTE payments in alignment with the state tax credit regardless of the year the PTE payments are paid?
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