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tshin
New Member

California Form 3804-CR is not accurately calculating PTET carryover when there is Other State Tax Credit also

Form 540 accurately utilizes Other State Tax Credits (OSTC) before PTET credits, but Form 3804-CR Part II Line 4 does not carryover the correct amount of PTET used from Form 540 (it ignores that OSTC was used on Form 540 and reduces the PTET carryover by the amount of the OSTC used as well as the PTET utilized on Form 540).  I can't seem to manually override this entry.  Is there a workaround?

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1 Reply
starrant
New Member

California Form 3804-CR is not accurately calculating PTET carryover when there is Other State Tax Credit also

The CA PTET is non refundable. Is it possible that the credit is being limited to the remaining liability

 

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