Hello,
I am using the TT Business 2024 desktop version for my "Investment Partnership" (Business Code: 523900). All the partners are full-time residents of Illinois and we have not elected Pass-through Entity (PTE) tax. But the software keeps on calculating the 1.5% replacement tax. This should not be the case as per (https://tax.illinois.gov/research/taxinformation/income/partnership.html).
Wondering if anyone else has run into this issue. Thanks in advance.
Best Regards,
Pratik.
