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How to enter Alabama PTE tax in Lacerte
by Intuit•1• Updated about 9 hours ago
This article will help you report the elective pass-through entity tax (sometimes called PTE, PTET, PET, or SALT workaround) and the resulting credit.
To claim the credit on an Individual return:
- Go to Screen 57.401, Alabama Other.
- Scroll down to the Alabama Payments section.
- 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:
- Go to Screen 37.401, Alabama Miscellaneous Information.
- Scroll down to the Electing Pass-through Entity Tax (PTE) section.
- Check the box for Electing EPT.
- 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:
- Go to Screen 42.401, Alabama Miscellaneous.
- Scroll down to the Electing Pass-through Entity Tax section.
- Check the box for Electing EPT.
- Complete additional fields as needed.
This will flow to the Alabama EPT, as well as the EPT-K1.