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How to enter Michigan PTE in Lacerte

SOLVEDby Intuit2Updated 1 year ago

Down below we'll go over how to report the Michigan elective pass-through entity tax (sometimes called PTE, PTET, or SALT workaround) and the resulting credit in Lacerte.

Table of contents:

Individual
Partnership
S-Corporation

Individual

  1. Go to Screen 53.146 Other Michigan Credits.
  2. Enter the credit on the Electing flow-through entity credit line.
  3. This will flow to the MI-1040 line 29.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

Partnership

  1. Complete and File Form 5772 through Michigan Treasury Online (MTO).
    • See here for additional FAQ's from Michigan.
  2. To enter the withholding for the partners, Go to Screen 32.1 Partners Miscellaneous Info.
  3. Scroll down to the Michigan Information section.
  4. Enter the Withholding to be distributed for each partner.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

S-Corporation

  1. Complete and File Form 5772 through Michigan Treasury Online (MTO).
    • See here for additional FAQ's from Michigan.
  2. To enter the withholding for the shareholders, Go to Screen 49.142 Michigan Sch of Shareholders & Officers
  3. Enter the Withholding to be distributed for each shareholder.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

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