Does anyone know where to record in Pro Connect Tax Online the Indiana credit from an S Corp K-1 for the new pass through entity tax?

[IntuitGabi]

Hi @johns4, thanks for using the community! 

Have you seen this article? Hope it helps: How to enter Indiana PTE in ProConnect

[kwfinancial1]

This article is not 100% helpful. As of 2024 the PTE tax credit has to be entered on the individual Indiana IT-40 Schedule 5 Line 3. How do we get the credit into Line 3 of the Indiana IT-40 Sch. 5?

[sjrcpa]

It was probably correct in June 2023. 😀

[kwfinancial1]

Unfortunately it was only partially correct in June 2023, and I had the misfortune of finding out that it was only partially correct in an unpleasant way shall we say... But nevertheless I've now been informed that this credit (to the Individual) will NOT automatically flow through with the import of the S-Corp K1. There's a cheat code required to get it into the right schedule, on the right line within the return 🙃

[sjrcpa]

Perhaps you could post it for the next person who has this question.