Correction: Cell D40 should be -$24,647.
In this video, we will discuss how to calculate the Pass-through Entity (PTE) tax for California AB 150 and how to compare your tax liability with and without the election.

0:00 Introduction
1:17 S Corporation tax calculation without electing Pass-through Entity (PTE) tax
2:25 California corporate tax calculation without PTE
3:30 Federal income tax calculation without PTE
4:34 AB 150 calculation example
5:41 The Pass-through Entity (PTE) tax calculation
6:52 Benefit of electing Pass-through Entity (PTE) tax

Watch our other video "California AB 150: What Is It and Why It Matters"
   • California AB 150: What Is It and Why...  

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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED