garman22
Level 13
Level 13

Has anyone worked on the PTE tax for pass through entities?

My question is how is it deducted on 1120S? My thought is its deducted as part of paid taxes/licenses and then added back to state to arrive at the proper state income tax. 

                                                 -OR-

Is it a k-1 item? 

 

Thanks for any insight provided. 

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