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State tax filing
I called the TurboTax help line and let them know I had the same issue with the CA PTE impacted by TMT (using Premier). I also told them I had no interest in filing an amended return. The problem is that on Schedule P (540) the PTE is entered in Part III Section A instead of Part III Section B. Since this is my only tax credit for my S-Corp, I am considering doing an override of Schedule P (540) Part III line 2. I could enter 0 as the TMT which then enables the full tax credit to be applied into 540 and placed in 3804-CR. Let us know if you have any other ideas.
March 25, 2022
12:51 PM