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posted Apr 20, 2025 11:17:02 AM

CA Form 3804-CR, how to claim credit in later year?

In 2023, I Used the CA PTE and paid the 9.3% to CA.     My final CA tax bill was less than the amount paid, so I have "credit carryover" on Form 2023 3804-CR, line II-5.    Now I  want to apply that credit for tax year 2024.       TurboTax does not "remember" that I have this credit, and offer an easy way to enter the credit.       How do enter/apply this credit from PTE in prior tax year?

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1 Replies
Expert Alumni
Apr 22, 2025 4:41:57 PM

To enter this carryover credit for PTE, open your California return:

  1. Go to Income that California handles differently >> Partnership K-1.
  2. You will reach an entry that is entitled Partnership Schedule K-1 Summary. Select edit next to the K1. There will be some preliminary questions to enter.
  3. Then go to Partnership K-1 Adjustments. This section will allow you to enter the amounts from the California K-1.
  4. Continue to the second page and scroll to the section where it says credits. There will be a place to enter the 15f-Form 3804-CR Pass-Through Entity Elective Tax Credit.
  5. If you already have an amount entered for the current year, add the two numbers together. You can right-click the box and choose Add Supporting Details, which will allow the program to calculate the amount based on your individual entries.
  6. The amount you enter here will appear on Form 3804-CR Part I.