Again, thank you, PatriciaV. It looks like for us the standard deduction for each partner would be the bigger deduction. Am I correct in thinking you only use the PTET form if you are itemizing deductions?
For our partners, the state tax you would be allowed to deduct would be less than the standard deduction. (And there are no other significant deductions that could also be itemized.)
So, I am concluding that for now, we should keep it as it is.
If I have misunderstood anything please let me know.
Your responses have been very helpful.
