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Level 1
posted Jan 7, 2024 10:33:16 AM

CA pass-through entity tax, for ES tax calculation

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!

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1 Best answer
Level 15
Jan 7, 2024 10:59:16 AM
2 Replies
Level 15
Jan 7, 2024 10:59:16 AM
Expert Alumni
Jan 11, 2024 3:27:30 PM

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

 

@chrisjli