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2021 Individual
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rkg2
Level 1
01-15-2022
10:09 AM
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I am working on a calculation of the january estimate. The taxpayer has an estimate of her income and the actual amount paid by her partnership for the PTE. Since i don't have a k-1 i know her reportable income and I know her PTE payment. On the partnership ordinary income for federal do i just net the two and on the state add it back. Where do i enter the PTE amount withheld on the partnership input screen
Second issue which i cannot figure out why lacerte is not calculating the california tax at all.
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1 Comment 1
George4Tacks
Level 15
01-16-2022
02:07 PM
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It is too early for some of these newer things to work properly. In Screen 1 do you have CA as the state of residency and in the Returns box?
The PTE is in screen 20 Line 15 as the very last entry, but only if you have CA as a state in Screen 1 Returns.
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