Pass-Through Entity Elective Tax October 2021 Tax News
In the September edition of Tax News, we provided an article for Pass-through Entity (PTE) Elective Tax, which is part of AB 150, commonly referred to as the SALT cap workaround.
As follow-up, PTE forms are in the development phase for qualified entities to make their PTE elective tax payments, and for qualified taxpayers to claim the tax credit. Refer to the following for form numbers and dates available:
- Pass-Through Entity Elective Tax Payment Voucher (FTB 3893) – Available November 1, 2021
- Pass-Through Entity Elective Tax Calculation (FTB 3804) – Available January 2022
- Pass-Through Entity Elective Tax Credit (FTB 3804-CR) – Available January 2022
For more information on PTE, visit our website and review Pass-through entity elective tax.