ProConnect HelpIntuit HelpIntuit

How to enter Wisconsin PTE in Lacerte

SOLVEDby Intuit3Updated June 27, 2023

Down below we'll go over how to report the Wisconsin 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 State Adjustments and Credits.
  3. Enter the PTE in one of the Credit for state estimates/withholding... fields.
  4. Enter the withholding under Credits and Withholding.

Back to Table of ContentsPCG_ASSET_spacer_11px.png

Partnership

  1. Go to Screen 43.234 Wisconsin Entity-Level Tax.
  2. Check the Electing to pay tax at the entity level checkbox.
  3. Make any additional adjustments needed under Entity-Level Adjustments.
  4. Review the Schedule 3-ET.
  5. If you are e-filing attach the statement as a PDF.

Back to Table of ContentsPCG_ASSET_spacer_11px.png

S-Corporation

  1. Go to Screen 48.232 Wisconsin Entity-Level Tax.
  2. Check the Electing to pay tax at the entity level checkbox.
  3. Make any additional adjustments needed under Entity-Level Adjustments.
  4. Review the Schedule 5S-ET.
  5. If you are e-filing attach the statement as a PDF.

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