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How to enter Idaho PTE in ProSeries
by Intuit• Updated 4 months ago
This article will help you report the Idaho elective pass-through entity tax (sometimes called PTE, PTET, or SALT workaround) and the resulting credit in ProSeries.
Table of contents:
To claim the credit on an individual return:
For resident returns:
- Open the Idaho state return.
- Open the Form 40.
- Scroll down to line 48.
- Enter the amount paid by entity and the amount withheld if any.
For nonresident or part year resident returns:
- Open the Idaho state return.
- Open the Form 43.
- Scroll down to line 68.
- Enter the amount paid by entity and the amount withheld if any.
To generate the PTE for a partnership:
- Open the Idaho return.
- Open the Form ID K-1 Wks.
- For each partner select the Filing Option that describes that partner.
- ProSeries will complete the Form PTE-12 and generate a PTE-01 for each partner that is required to pay PTE based on the Filing Option selected. See here for a flow chart from Idaho about which partners are required to pay PTE and what codes should be entered on the PTE-12.
To generate PTE for an S corporation:
- Open the Idaho return.
- Open the Form ID K-1 Wks.
- For each partner select the Filing Option that describes that partner.
- ProSeries will complete the Form PTE-12 and generate a PTE-01 for each partner that is required to pay PTE based on the Filing Option selected. See here for a flow chart from Idaho about which partners are required to pay PTE and what codes should be entered on the PTE-12.