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PTE tax
Hi , I have an S-Corp, and I would like to elect for PTE tax, for year 2024 tax return (not for tax return 2023) should I elect it for along with 2023 tax return when it will be filed before March 15 2024.
And as I read its the instruction, the first payment will be June 15, 2024? am I right?
So, I will take this credit on 2024 tax return which will be filed before March 2025, is it correct?
Thanks for your help
‎December 30, 2023
2:22 PM