Hi MichelleLO,
I just updated to the latest version of TurboTax (Home & Business) and the issue is not resolved yet. The CA TMT is still being applied and the "13f Form 3804-CR Pass-Through Entity Elective Tax Credit" is being limited to the TMT, not the value entered. The difference is being shown as a carryover to future years.
Here are the formset details from the latest update:
Per California Ind Formet: 2021.11337
Per Fed Ind Formet: 2021.12279
Let me know if there's a better way to provide help in resolving this change. Thanks for your help.
