Answered: So where will S-Corps report the Payments they made for their SALT Workaround passthrough Tax if they elected to make a payment before 12/31?

nmorgan884 · ‎01-04-2022

Michigan

George4Tacks · ‎01-04-2022

It will likely flow from input on the state for for the payment. FTB 3804-CR for California might be where it starts for CA. You can input that when it become (a) available from the state and (b) gets incorporated into the software. I would not expect it until at least next month. I think the programmers will be pedaling as fast as they can to push the 1040 series out first.

Here's wishing you many Happy Returns

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IRonMaN · ‎01-04-2022

I'm going to take a wild guess and say - taxes.

Slava Ukraini!

George4Tacks · ‎01-04-2022

It will likely flow from input on the state for for the payment. FTB 3804-CR for California might be where it starts for CA. You can input that when it become (a) available from the state and (b) gets incorporated into the software. I would not expect it until at least next month. I think the programmers will be pedaling as fast as they can to push the 1040 series out first.

Here's wishing you many Happy Returns

So where will S-Corps report the Payments they made for their SALT Workaround passthrough Tax if they elected to make a payment before 12/31?

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