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Felipe2025
Returning Member

TurboTax Business 2024 California PTE credit not showing up in K-1

I am using TurboTax Business 2024 for a S-corporation.  I have opted into the California PTE elective tax. I am the only shareholder.

 

  • In the CA Info worksheet, part V, I check the Form 3804 box.
  • In the 3804 worksheet, I enter the California income.
  • I fill out the 3893 smart worksheet. But I am paying online.
  • I check the PTE box in the 100S K-1 worksheet

When I check my California K-1, there is no PTE credit on 13d like in 2023.  The deductions attachment does not state the 3804 credit either.

 

Could any tell me what steps I am missing? Or is it a bug to be fixed?

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1 Reply
Felipe2025
Returning Member

TurboTax Business 2024 California PTE credit not showing up in K-1

Found a working answer from 2022:

 

https://ttlc.intuit.com/community/after-you-file/discussion/re-where-do-i-incorporate-my-california-...

 

It's a very old problem in TurboTax Business that Intuit hasn't fixed.  Specifically, in addition to filling the K-1 and 3804 worksheets, I had to manually enter it into 100s:

 

5.  Open Form 100S p4-6 and scroll down to Credits Line 13d. Enter a description for the PTE Tax Credit from Form 3804 and the total amount in the middle column. This step will allocate the tax credit to all Schedules K-1.

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