Patricia,
As always, you came through like a champ!! 😉
Following your instructions for Pship, I did run into the following issues for which I'd like your help.
1) PTE Tax credit calculation error on Form 3804
According to the FTB, the calc of the tax credit amount "...for a partnership this will be the sum of lines 1-11 minus the sum of lines 12 and 13 on the K-1 (565/568)."
However, Form and Wks for 3804 derive item "b", the "Elective tax credit amount", without subtracting line 12 and 13. In my case, several partners have a credit on line13e (for sec 754 depreciation) which is not included on the TT calc. In fact, Form 3804 line "a" reports a total for each partner that reflects "the sum of lines 1-11" from their k-1, but does reflect subtraction of "the sum of lines 12 and 13". :(
2) Form 3804 Wks Error: "First Name must be entered for electronic filing".
One of my partners is a Revocable Trust, entity type "R" on the Sch K-1 Wks. Form 3804 Wks auto-populates the trust name from the k-1 Wks into the "Trust Name" field, leaving First and Last name blank, rendering the above error.
When I enter a First and Last Name, I receive another error, "First Name or Last Name should not be entered for electronic filing, if Trustname is entered." :0 I am unable to remove Trust Name. So, I'm stuck in a circular error loop. :(
Your helpful response and advice is greatly appreciated!
Cam
