dsaye
Level 1
02-15-2024
04:29 PM
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Does anyone know how to populate section 5/page 4 of the MO-PTE schedule for pass-through entities? The partnership I'm working on has 3 partners, two of which are partnerships.
When computing the MO-PTE the letter asks for the complete payment to the state, say $20k in this example but page 4 of the MO-PTE schedule shows the three partners and only partner 3, an individual with $5k in PTE credits and the worksheet is totaling to $5k even though the payment to MO is $20k.
How do we let the two partnerships know their share of the PTE credit? Or more specifically, how does MO have proof of the credit?