How to enter Idaho PTE in Lacerte

This article will help you report the elective pass-through entity tax (sometimes called PTE, PTET, PET, or SALT workaround) and the resulting credit.

For more PTE resources, check out our dedicated Tax topics page where you'll find a list of all PTE states and the respective content for each.

Table of contents:

Individual

1. Go to Screen 54, Taxes
2. Use the top left menu to navigate to Screen 54.151, Other Idaho Taxes
3. Enter the amount on Tax paid by affected business entity (ABE).
   • For resident returns this will flow to Form 40 line 48.
   • For nonresident returns this will flow to Form 43 line 68.

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Partnership

If you need to file the election Form ABE:

1. Go to Screen 37, Miscellaneous Information.
2. Use the top left menu to navigate to Screen 37.151 Idaho Miscellaneous Information.
3. Complete the Affected Business Entity Election section.
   • Make sure to check Generate estimates for ABE election. When the ABE election is made, Idaho NOL's are kept at the business level, and carried forward by the business. Without the ABE election, NOL's pass through to the owners.

To activate the PTE calculation for entities that already have an election on file:

1. Lacerte will automatically calculate the PTE-12 with the correct Filing Code based on the data entered for the partners. See the flow chart here from Idaho to review the Filing Codes.
2. To adjust the code or enter an exemption go to Screen 32.1 and make adjustments in the Idaho Information section.

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S-Corporation

Lacerte will automatically calculate the PTE-12 with the correct Filing Code based on the data entered for the shareholders. See the flow chart here from Idaho to review the Filing Codes.

To adjust the code or enter an exemption:

1. Go to Screen 46,
2. Use the top left menu to navigate to Screen 46.151 Idaho Shareholder Overrides
3. Make adjustments in the Miscellaneous Information section.

If you need to file the election Form ABE:

1. Go to Screen 42, Miscellaneous Information.
2. Use the top left menu to navigate to Screen 42.151, Idaho Miscellaneous Information
3. Complete the Affected Business Entity Election section.
   • Make sure to check Generate estimates for ABE election. When the ABE election is made, Idaho NOL's are kept at the business level, and carried forward by the business. Without the ABE election, NOL's pass through to the owners.

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Fiduciary

Lacerte will automatically calculate the PTE-12 with the correct Filing Code based on the data entered for the beneficiaries. See the flow chart here from Idaho to review the Filing Codes.

To adjust the code or enter an exemption:

1. Go to Screen 43, Schedule K-1 Overrides/Misc.
2. Use the top left to naviagte to Screen 43.151 Idaho Beneficiary Overrides.
3. Make adjustments in the Miscellaneous section.

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