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How do I go about entering the Virginia PTET (Pass-through Entity Tax)?
I own an S-Corp in VA. In 2022 VA passed a Pass Through Entity work-around for the S-A-L-T limitation on deductibility of state taxes. It allows an S-Corp to pay Virginia State Income Taxes that pass-through to the owner such that it reduces the pass-through ordinary income while passing through the state income tax payment to the shareholders. I can't find where to enter this into Turbotax Premier. Help!
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‎August 1, 2023
7:19 PM