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Louisiana PTE tax election
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JMad
Level 4
03-04-2025
05:57 PM
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Has anyone prepared a return for a partnership that is electing to file as a PTE (pass through entity)? In 2023, LA required the completion of Form CIFT-620 which is the corp return and Proseries actually had that corp form within the Partnership state returns. For 2024, LA says you need to file both the Form IT-565 (Partnership Return) AND the CIFT-620. In the information sheet Proseries says "If the box is marked "yes" indicating this entity is filing as a PTE, Form IT-565 will be calculated. To prepare Form CIFT-620 and associated PTE forms, Go To State and select the Louisiana Corporation/S Corp product in the S Corp product. Does anyone know what this means? Ie, do i have to somehow get this return into the SCorp homebase?
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