ProConnect HelpIntuit HelpIntuit

How to enter Michigan PTE in ProConnect Tax

SOLVEDby IntuitUpdated 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 ProConnect Tax.

Table of contents:

Individual
Partnership
S-Corporation

Individual

  1. From the Input Return tab, go to State & Local Other Credits MI Credits.
  2. Under the Michigan Nonrefundable Credits section, enter the amount in the Electing flow-through entity credit field.
    • This amount flows 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 each partner: from the Input Return tab, go to Schedule K-1 Schedule K-1 Miscellaneous.
  3. On the respective partner tab, 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 each shareholder: from the Input Return tab, go to State & Local Other Forms MI Schedule of Shareholders.
  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.

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads