Sylvia99
Level 1
05-16-2021
01:14 PM
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NJ PTE or BAIT, when I go back to add the PTE deduction (payment) to the federal return, I add it as tax for fed, and -1 for state. But, it is still changing the state return, and therefore changing the PTE calc. I have been on chat for 1.5 hours with no solution from proconnect. Any NJ folks that can help me to find the proper data entry.
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Employee
05-17-2021
02:53 PM
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Is this a Partnership return?
Partnership returns don't automatically add back state taxes on the PNJ return like on COR and SCO NJ returns. I think you can enter the PTE/BAIT on the other additions line of the NJ return (input is in the State & Local Schedule K screen).
Sylvia99
Level 1
05-17-2021
03:46 PM
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Yes, it was a partnership return. I will experiment with this tomorrow. Thanks for your thoughts! Much appreciated.