Question
OH IT-4738 PTE tax not reducing federal income
From what I understand, the OH IT-4738, PTE Tax would be paid at the entity level and therefore reduce federal income. When I choose the IT-4738 in Lacerte, it doesn't change the federal income at all from when I had the IT-4708 (NRWH). I checked to "accrue state tax option 1". Is there something that needs checked somewhere else, or am I misunderstanding the tax?
