I've done PTE election for a number of states, but am struggling to figure out how North Carolina works. Spent a fair bit of time on the phone with ProSeries support, but they do not seem completely clear either.
I suppose there are two main questions here: 1) is this the correct way to trigger the PTE election and if so 2) where does the credit (or maybe subtraction) show up on the K-1 and how do you input it?
EDIT: I spoke with someone at the NC Department of Taxation. They advised that the amount from Line 10 of the NC K-1 should then be flowing through as a deduction on line 38 of the NC K-1. That is not currently happening, which means it is likely an issue with ProSeries.
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