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IL PTE Overpayment s-corp
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E Marie
Level 1
Monday
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Hi, An s-corp paid in 2024 PTE in 4 quarterly payments but ended up with a net loss for the year. IL website says that the s-corp is not allowed to pass those PTE credits to the shareholders since there is no net income and that the s-corp must request a refund of the PTE. I can't figure out how to logistically request this refund. Has anyone done this? How did you do it? Thank you!
