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Taxes paid to other state credit not calculating properly or at all when CA PTE is applied.
I have multiple clients, all residents of NYS and NJ, that get K-1's from California and also participate in the California PTE program. In the case when the PTE credit reduces the CA tax to zero, the program does not generate an IT-112R or NJ-COJ for the CA tax pre-credit. If the credit partially reduces the CA tax but there's a remaining balance, the program will generate the above forms, but only uses the remaining CA balance due to calculate the credit. The reality is, the PTE credit reduction is supposed to be ignored by the software when determining the other state tax credit. In both examples from above I have to manually setup the credit for taxes paid to CA. I think this is an easily fixable issue, or I hope it is.
