Question
PTET treatment for Federal Income Taxes
Hello - I'm a K-1 holder for a business I actively participate in. I elected PTE treatment for CA. My K-1 does not have box Z for line 20. I understood this is where I would see the PTE taxes paid by the company for CA? When I get to the State Estimated Taxes section within TurboTax, should I include the state taxes paid by the company as an estimated payment? Where can I best see that the K-1 income has been adjusted to reflect the deduction for my PTET for California?
Thank you!
