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How to enter Idaho PTE in ProConnect Tax
by Intuit• Updated 6 months ago
Down below we'll go over how to report the Idaho elective pass-through entity tax (sometimes called PTE, PTET, or SALT workaround) and the resulting credit in ProConnect Tax.
Table of contents:
Individual
- From the Input Return tab, go to State & Local ⮕ ID Taxes.
- Under the Other Idaho Taxes section, enter the amounts in the Tax paid by affected business entity (ABE) field.
- Residents: This amount flows to Form 40, line 48.
- Nonresident: This amount flows to Form 43, line 68.
Partnership
To activate the PTE calculation for entities that already have an election on file:
- ProConnect Tax 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.
- To adjust the code or enter an exemption, go to Schedule K-1 ⮕ Schedule K-1 Miscellaneous and make your adjustments in the Idaho Information section.
If you need to file the election Form ABE, go to State & Local ⮕ Miscellaneous Information ⮕ ID Miscellaneous Information and complete the Affected Business Entity Election subsection.
S-Corporation
- ProConnect Tax 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, go to State & Local ⮕ Schedule K-1 ⮕ ID Shareholder Overrides and on the respective shareholder tab, make your adjustments in the Miscellaneous Informations section.
If you need to file the election Form ABE, go to State & Local ⮕ Miscellaneous ⮕ ID Miscellaneous and complete the Affected Business Entity Election section.
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, go to Sch. K-1 ⮕ Schedule K-1 Overrides / Misc. ⮕ Idaho and make your adjustments in the Miscellaneous section.