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Level 3
posted Mar 29, 2025 12:52:36 PM

Pass Through Entity (PTET) Carry Forward in CA--how to enter?

I am a partner in a professional services firm and receive a K-1.     I have a PTET carryover from my 2023 form 3804-CR for California.   This (2024) is the first year I am using TurboTax and can't figure out how to enter the carryover amount from 2023 so that it can apply to  2024.    I will get a 2024 K-1 that will also include PTET and will enter the current year (2024) amount in the Partnership K-1 Adjustments  worksheet (line 15-f From 3804-CR).   But I am totally stumped as to how/where to enter the credit carryover from 2023 so that I can use it in 2024.    Any ideas?   

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1 Replies
Expert Alumni
Mar 31, 2025 11:48:23 AM

You can enter this PTET carryover under California >> Income and Adjustments >> Partnership K-1 >> [Partnership Name] >> Credits >> 15f-Form 3804-CR Pass-Through Entity Elective Tax Credit

 

If you right-click on the entry box and choose "Add Supporting Details," you can enter a description and amount for the carryover and enter the current year on a separate line.