How to enter South Carolina PTE in ProSeries

To claim the credit on an 1040 return:

1. Open the South Carolina state return.
2. On the South Carolina Information Worksheet scroll down to Part IV - Other Information.
3. Check the Use South Carolina I-335 checkbox.
4. Open the Form I-335B
   • Press F6 to bring up Open Forms.
   • Type 333B and press OK to open the I-335B.
5. Enter the information received from the I-435.
6. Go to the I-335.
7. On line 6 enter the Amounts taxed at the entity level from Sc K-1.
8. Review the calculation on Form I-335. Any amounts taxed at the entity level will reduce the taxes paid, and any remaining tax will show on the SC1040 Page 2, line 8.

To generate the PTE for a 1065:

1. Open the South Carolina return.
2. Open the Form SC1065.
3. Check the box at the top for Check for Active Trade or Business Election.
4. Go to Form I-435.
5. In Column C enter any amounts attributed to Active trade or business amounts.

To generate PTE for an 1120S:

1. Open the South Carolina return.
2. Open the Form SC1120S.
3. Check the box at the top for Check for Active Trade or Business Election.
4. Go to Form I-435.
5. In Column C enter any amounts attributed to Active trade or business amounts.