I am using TurboTax Business 2024 for a S-corporation. I have opted into the California PTE elective tax. I am the only shareholder.
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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Found a working answer from 2022:
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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