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Level 2
March 8, 2022
Question

CA PTE tax credit

  • March 8, 2022
  • 1 reply
  • 8 views

Why doesn't lacerte update program to allow the pte credit to reduce tenative minimum tax.  This issue was fixed retroactively by SB 113 (Ch. 22-3), which repeals the TMT limitation.

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1 reply

Level 5
March 9, 2022

Because the FTB has not updated the Schedule P instructions.