FTB Adds Pass-Through Entity (PTE) Elective Tax FAQs

In September, FTB launched a new PTE elective tax page in accordance with AB 150, SALT cap workaround. This week FTB added a new page, Help with Pass-Through Entity Elective Tax, with FAQs in the following topic areas:

  • PTE election and qualifications
  • What is included in the qualified entity's qualified net income
  • Who gets the credit
  • Qualified net income
  • Payments and forms