How to enter Mississippi PTE in Lacerte

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

Mississippi legislature has recently implemented changes to Electing Pass Through Entity credits effective for Tax Year 2022. Due to these changes, edits will be made to some forms as well as e-file schemas for Individual, Business, and Fiduciary filings. Due to the timing, these changes will not be implemented in Lacerte until after the April 18th filing due date. Anyone wanting to take advantage of these changes will need to file an extension, or review any previously filed returns for amendment.  Click here to subscribe for updates on the change.

Table of contents:

Individual

1. Go to Screen 20.
2. Scroll down to the Credits and Withholding section.
3. Complete the Mississippi Pass-Through Entity (PTE) Credits fields.
4. Review the Form 80-161.

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Partnership

1. Go to Screen 37.301 Mississippi Miscellaneous Information.
2. Enter a 2 in the Electing pass-through entity taxable income field.
3. If an election is not already on file complete the Form 84-381 Pass-Through Entity Election Form section.
4. Review the Form 84-105.

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S-Corporation

1. Go to Screen 42.301 Mississippi Miscellaneous.
2. Enter a 2 in the Electing pass-through entity taxable income field.
3. If an election is not already on file complete the Form 84-381 Pass-Through Entity Election Form section.
4. Review the Form 84-105.

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