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How to enter Wisconsin PTE in ProConnect Tax

SOLVEDby IntuitUpdated 1 year 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 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)
  2. From along the top of the workspace, select State & Local.
  3. Under the State Adjustments and Credits section, enter adjustments in the Wisconsin Partnership/LLC adjustments {WI} field.
  4. Enter the withholding under Credits and Withholding.

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 WI Schedule 3-ET, 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.pngA black and white photo of a street light.

S-Corporation

  1. From the Input Returntab, go to State & Local Other Forms WI Sch 5SET.
  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.pngA black and white photo of a street light.

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