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Get your taxes done using TurboTax
Just got my K1, there is PTE on there (13d), at ~9.3% of CA ordinary income. However, when I put all the info on the K1 into turbo tax, the CA tax due on the CA ordinary income is still calculated at 13.5% (So seems I still need to pay the full 13.5% CA tax on the K1 income). Also the federal tax due does not change (thought hte PTE elective tax should be federal tax deductible).
Could anyone kindly let me know how I can adjust this?
Thanks a lot!
‎April 2, 2022
9:32 PM