WebFeb 2, 2024 · There's a place on all three entity screens to input the PTET for CA. "Tax software is no substitute for a professional tax preparer" 4 Cheers Reply. ANDYBIG. Level 2 02-02-2024 12: ... I cannot find any place to enter the NY PTET credit and addback in Lacerte's S-corp or Partnership module. This value should appear in at least 3 different ...
Pass-through entity tax (PTET) elections: Complexities with …
WebDec 1, 2024 · Partnerships and S corporations may use FTB 3893 to make a PTE elective tax payment by printing the voucher from FTB’s website and mailing it to us. See … WebNov 17, 2024 · The California pass-through entity tax (“CA PTET”), also known as the Small Business Relief Act, is effective for taxable years beginning on or after January 1, … rural broadband providers
THERE IS NO WHERE IN THE PROGRAM TO ENTER THE PTET …
WebAugust 9, 2024. On July 16, 2024, California Governor Gavin Newsom signed into law Assembly Bill (AB) 150, the Small Business Relief Act. This Act allows limited liability … WebOct 11, 2024 · California enacted an elective pass-through entity (PTE) tax for tax years beginning in 2024 through 2025. In doing so, California joins a number of states that have adopted optional PTE taxes as a workaround to the $10,000 federal cap on deducting state and local taxes. This allows eligible pass-through entities to pay and deduct state taxes … WebThe PTET is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2024.. If an … rural broadband market size