CA pass-through entity tax, for ES tax calculation

[chrisjli]

Hi there,

Need to calculate how much personal ES tax to pay for CA state, based on the the 110% previous year tax rule. Wondering if the  CA pass-through entity tax (PTE ) should be included as part of tax payment that I have already paid for the year?  I understand the PTE will be applied as a credit, not quite sure if that is the same as a payment in this case.

Thanks a lot!

[Anonymous_ · Accepted solution]

@Critter-3 

[RobertB4444]

In this case a credit is the same as a payment since it is a dollar-for-dollar reduction of your taxes due.

@chrisjli