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How to enter Oregon PTE in ProConnect Tax

SOLVEDby Intuit4Updated 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 ProConnect Tax.

Table of contents:

Individual
Partnership
S-Corporation

Individual

  1. From the Input Return tab, go to Income Passthrough K-1's and select the business activity type:
    • Partnership Info (1065 K-1)
    • S-Corp Info (1120S K-1)
  1. From along the top of the workspace, select Lines 11-20.
  2. Under the Line 15 - Credits and Withholding section, enter the amount in the Credit for PTE-E Tax paid {OR} field.
  3. From along the top of the workspace, select State & Local.
  4. Under the Oregon Schedule PTE section, enter the amount in the Nonpassive income/loss adjustment field, 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.pngA black and white photo of a street light.

Partnership

  1. From the Input Return tab, go to State & Local Other Forms OR PTE Tax.
  2. Complete the Form OR-21 1 = current partnership only, 2 = pass-through only, 3 = both (MANDATORY) field.
  3. Mark the Preparer has confirmed that this entity is allowed to file OR-21 for PTE taxes checkbox.
  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.pngA black and white photo of a street light.

S-Corporation

  1. From the Input Return tab, go to State & Local Taxes OR PTE Tax.
  2. Mark the File Form OR-21 (mandatory) checkbox.
  3. Mark the Preparer has confirmed that this entity is allowed to file OR-21 for PTE taxes checkbox.
  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 so box 5 of the OR-21 cannot be checked.
  5. Review the Form OR-21.

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

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