AB 150 form 3893

[COGS]

We have our January update.  Thank you Lacerte.  But my question is if there is a place yet for the Pass Through Entity Tax Payment, etc.  I tried a jump to input on form 3893 but it did not take me anywhere.  Is there anything yet so I can be inputting the payments to get tax returns roughed in?  

[abctax55]

Entity return or individual?

[COGS]

Well, I am in the 1065 module but same question for S-Corps.

[abctax55]

Not there, yet.  Supposedly, you can use the 'motion picture credit' to mimic it.  

There is a place in the individual program to enter the PTET.  

I have been manually adjusting the federal income (downward) on Screen 20 for the PTET after transferring the info from the entity program, and entering the PTET.  Seems to be working for planning.

[George4Tacks]

I now see Screen 37 in the 1065 for the voucher at the end of that first Screen.

For S-Corp Screen 48 > Tax Computation > last set of entries.

For 1040 from K-1 1065 > Line 15 > Last entry for Credit from passthrough...

For 1040 from K-1 1120S > Line 13 > Last entry for Credit from passthrough...