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