How to enter Rhode Island PTE tax in Lacerte

Before you start:

• To determine if your client is eligible, review the instruction booklets for Pass-through Entity Election.

To generate the PTE for Individual business filings:

1. Go to Screen 54.492 Rhode Island PTE Taxes.
2. Enter a 1 for taxpayer and/or spouse on File TI-PTE.
3. Complete the 1=Cash, 2=Accrual line for the taxpayer or spouse.
4. Review the lines for any variations that apply to this client.

To generate the PTE for a Partnership:

1. Go to Screen 40.491 Rhode Island Adjustments.
2. On the PTE tax elected to be paid by PTE under RIGL 44-11-2.3 line enter the total amount of pass-through entity tax elected to be paid to be allocated to pass-through entity partners. 
   • This amount will be multiplied by the ratio of pass-through entity partners and reported in the Additions section of the RI K-1.
   • Amount entered is also reported on form RI-1065 as an addition to federal taxable income. 
3. Go to Screen 43.494 Rhode Island PTE Taxes.
4. Under the Rhode Island PTE Taxes section check the File RI-PTE checkbox.
5. Complete the 1=Case, 2=Accrual line to generate the RI-PTE.
6. Go to Screen 43.493 Rhode Island Pass-Through Withholding.
7. Review the lines for any variations that apply to this client.
8. Review the calculations on the RI-PTE and the RI-1099E for each partner.

To generate the PTE for an S-Corporation:

1. Go to Screen 49.493 Rhode Island PTE Taxes.
2. Under the Rhode Island PTE Taxes section check the File RI-PTE checkbox.
3. Complete the 1=Case, 2=Accrual line to generate the RI-PTE.
4. Go to Screen 49.492 Rhode Island Pass-Through Withholding.
5. Review the lines for any variations that apply to this client.
6. Review the calculations on the RI-PTE and the RI-1099E for each shareholder.

To generate the PTE for a Fiduciary:

1. Go to Screen 58.492 Rhode Island PTE Taxes.
2. Under the Rhode Island PTE Taxes section check the File RI-PTE checkbox.
3. Complete the 1=Case, 2=Accrual line to generate the RI-PTE.
4. Review the calculations on the RI-PTE and the RI-1099E for each.