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Level 3
January 22, 2024
Discussion ongoing

PTE TAX

Related products:Lacerte
  • January 22, 2024
  • 1 reply
  • 2 views

At this time, Lacerte suggests for us, in order to include the PTE federal deduction in the RE income, to compute manually the RE income allocated to each investors and override through Special Allocations.

This implies a lot of manual work and I suggest enhance by making that deduction (PTE tax) allocable specifically to some partners AND included in the RE income. At this time specifically allocated deductions are not included in RE income - that is the issue.

Thank you.

1 reply

January 30, 2024

Thanks for the idea to include allocated deductions in RE income. We are changing the status to "Open for voting".

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