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How to enter Wisconsin PTE in Lacerte
by Intuit• Updated 1 month ago
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
- Go to Screen 20, Passthrough K-1's.
- Under State Adjustments and Credits.
- Enter the PTE in one of the Credit for state estimates/withholding... fields.
- Enter the withholding under Credits and Withholding.
Partnership
- Go to Screen 43.234 Wisconsin Entity-Level Tax.
- Check the Electing to pay tax at the entity level checkbox.
- Make any additional adjustments needed under Entity-Level Adjustments.
- Review the Schedule 3-ET.
- If you are e-filing attach the statement as a PDF.
S-Corporation
- Go to Screen 48.232 Wisconsin Entity-Level Tax.
- Check the Electing to pay tax at the entity level checkbox.
- Make any additional adjustments needed under Entity-Level Adjustments.
- Review the Schedule 5S-ET.
- If you are e-filing attach the statement as a PDF.
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