- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does the Lacerte tax planner calculate the CA TMT limitations related to the pass through entity tax credit that is beginning with 2021?
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes, I saw that after the fact, but it does not directly answer the question - does the Lacerte Tax Planner make these calculations?
I have not tested it.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Based on that other discussion, I truly doubt that it does. You can post it as a suggested improvement at https://proconnect.intuit.com/community/lacerte-tax-idea-exchange/idb-p/604 but don't hold your breath waiting for any of these ideas to be implemented. I could not find a similar idea posted there.
Here's wishing you many Happy Returns
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Spreadsheets will be our friends.
Unless TaxTools that George @George4Tacks , Anna @abctax55 , and others recommend does these calcs. Don't know if it does state stuff.
Ex-AllStar
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
CFS TaxTools is based in CA, and their California tax planner is rather good.
I haven't checked to see how/if it's handling this newest CA wrinkle.
You can download & use the software as a demo; consider giving it a try.
taxtools.com
( Generic Comment )"
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
That's good info, thanks for the follow-up. Guess I better down load the update & start some number crunching 😁
( Generic Comment )"