How to enter Alabama PTE tax in Lacerte

To claim the credit on an Individual return:

1. Go to Screen 57, Other.
2. Use the left navigation to select Screen 57.401, Alabama Other.
3. Scroll down to the Alabama Payments section.
4. Complete the table for Composite payments and elect PTE credits (Ctrl+E).

The credit will flow to Schedule CP, from there to line 26 of Form 40.

To generate the PTE for a Partnership:

1. Go to Screen 37, Miscellaneous Information.
2. Select Screen 37.401, Alabama Miscellaneous Information.
3. Scroll down to the Electing Pass-through Entity Tax section.
4. Check the box for Electing EPT.
5. Input amount in the 20YY Estimated tax payments field.
6. Input amount in the Extention and WNR-V Tax Payments field.
7. Find the subsection Form PTE-E Pass-Through Entity Election Form
   • Enter a 1 if you're making an election
   • Enter a 2 if you're revoking election
8. Complete additional fields as needed.

This will flow to the Alabama EPT, as well as the EPT-K1.

To generate the PTE for an S-Corporation:

1. Go to Screen 42, Miscellaneous.
2. Use the top left navigation to select Screen 42.401, Alabama Miscellaneous.
3. Scroll down to the Electing Pass-through Entity Tax section.
4. Check the box for Electing EPT.
5. Input amount in the 20YY Estimated tax payments field.
6. Input amount in the Extention and WNR-V Tax Payments field.
7. Find the subsection Form PTE-E Pass-Through Entity Election Form
   • Enter a 1 if you're making an election.
   • Enter a 2 if you're revoking election.
8. Complete additional fields as needed.

This will flow to the Alabama EPT, as well as the EPT-K1.