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Pass through Entity tax
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VPBC1
Level 3
03-11-2024
09:30 AM
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where do I enter pass through entity tax on 1120s form so that it passes through to members?
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2 Comments 2
dascpa
Level 11
03-11-2024
09:35 AM
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The pass-through actually happens on the state return.
On the Federal under taxes list it as a state tax payment. Every state has different methods of handling the PTE tax so you'll have to look at that state for guidance. In Maryland the PTE does not flow from the Federal to the state. We have to list each payment separately in the state information worksheet.
