IntuitMark304
Employee
Employee

You are correct.  The PTET tax is paid online thru the NY portal.  Then the entity still would prepare a IT-204 for partnerships or a CT-3-S for scorporations to generate K-1s for the owners.  

PTET Credits would be reported and distributed to the owners on the respective IT-204 or CT-3.  

 

 

0 Cheers