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- 100ES increased by prior year's Pass-Through Entity Tax liability (Form 3804)
100ES increased by prior year's Pass-Through Entity Tax liability (Form 3804)
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justataxnerd
Level 3
01-10-2022
01:50 PM
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I know it's early but I was just looking into the mechanics of the PTE calculation on the 100S. For the most part it looks straightforward and as expected. However, for some reason, the tax program is calculating the 1.5% 100ES tax to be 100% of the 2021 total tax (line 30 of the 100S). That line includes the passthrough tax. That is on top of the voucher it's generating for 2022 which is 50% of the PTE tax for 2021. I know this is all in draft, but something to keep on eye on in subsequent releases.
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