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Returning Member
posted Apr 14, 2023 9:38:56 AM

NYS PTET

My partnership K-1 reports a larger amount of Code 653 (PTET) credit flow through which I entered on Form 653.  But then TT uses that amount as an add back to federal taxable income even though the amount reported on my K-1 line 1 which was deducted on the Federal return was a lesser amount (since it did not include the PTET paid in 2023 for the 4th qtr of 2022.  Do I need to override the add back amount? 

0 403
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