1/12/2024 0 Comments Convert c code to missp assembly![]() ![]() California residents that derived income from sources within Indiana and paid a net income tax to Indiana on income that is also taxed by California, may claim the other state tax credit. In general, for taxable years beginning on or after January 1, 2017, Indiana is no longer treated as a reverse credit state for California tax purposes. For more information, see Specific Line Instructions or see California Revenue and Taxation Code (R&TC) Section 17052.10. California law allows a qualified partner, member, or shareholder to increase the net tax payable by the amount of the allowed PTE tax credit for the taxable year. Pass-Through Entity (PTE) Elective Tax and Other State Tax Credit Calculation – For taxable years beginning on or after January 1, 2022, and before January 1, 2026, the calculation of the other state tax credit has changed. ![]()
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