ProConnect HelpIntuit HelpIntuit

How to enter Oregon PTE in Lacerte

SOLVEDby Intuit8Updated September 07, 2023

Down below we'll go over how to report the Oregon 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 20, Passthrough K-1's.
  2. Under Credits and Withholding enter the Credit for PTE-E Tax paid {OR}
  3. Go to the Oregon Schedule PTE Section.
  4. Enter the Credit for PTE-E paid {OR} adjustment if needed.
  5. Review the Credit on Schedule OR-ASC page 3 Section F or OR-ASC-NP Page 5 Section H. The credit will be listed with code 900.

Back to Table of ContentsPCG_ASSET_spacer_11px.png

Partnership

  1. Go to Screen 43.025 Oregon PTE Tax Return.
  2. Complete the Form OR-21 1 = current partnership only, 2 = pass-through only, 3 = both (MANDATORY) field.
  3. Check the Preparer has confirmed that this entity is allowed to file OR-21 for PTE taxes box.
  4. If the partnership received a PTE credit from another partnership complete the PTE tax amounts from a tiered entity from Form OR-21-MD-K1 section.
  5. Review the Form OR-21.

Back to Table of ContentsPCG_ASSET_spacer_11px.png

S-Corporation

  1. Go to Screen 48.022 Oregon PTE Tax Return.
  2. Check the File Form OR-21 (mandatory) box.
  3. Check the Preparer has confirmed that this entity is allowed to file OR-21 for PTE taxes box.
  4. If the S-Corporation received a PTE credit from another partnership complete the PTE tax amounts from a tiered entity from Form OR-21-MD-PT section.
    • Currently the Form OR-21-MD-PT is not supported in Lacerte so box 5 of the OR-21 cannot be checked.
  5. Review the Form OR-21.

Back to Table of ContentsPCG_ASSET_spacer_11px.png

Was this helpful?

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

Sign in for the best experience

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

More like this

Dynamic AdsDynamic Ads