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How to enter Missouri PTE in Lacerte

SOLVEDby Intuit9Updated April 10, 2023

For tax years ending on or after December 31, 2022, Missouri partnerships and S corporations can elect to pay pass-through entity (PTE) tax. PTE tax, sometimes referred to as a SALT workaround, allows qualifying members of a PTE to pay tax at the entity level and claim a credit for the taxes paid on their own returns.

Table of contents:

To claim the credit on the 1040 return:
To generate PTE on a 1065:
To generate PTE on a 1120S:

When is the MO-PTE return due?

The MO-PTE return is due the fifteenth day of the fourth month after the entity's tax year ends. If the due date falls on a weekend or holiday, the return is due the next business day.

Partnerships and S corporations who receive federal extensions are automatically granted an extension of time to file the MO-PTE.

For calendar year filers who don't request an extension, the MO-PTE is due by April 18, 2023.

What if I need to file sooner?

For tax year 2022, all MO-PTE returns and payments must be filed on paper. E-filing isn't available. You can find printable forms and instructions on the Missouri Department of Revenue's site.

To claim the credit on an individual return:

  1. Go to Screen 53.282 Missouri Other Credits
  2. Under Type of Credit select MO Department of Revenue, then SALT Parity.
  3. Complete the Amount of Credit section.
  4. Review the MO-TC to see how much of the credit is allowed, the allowable credit will show on MO-1040 line 42.

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To generate the PTE for a partnership:

  1. Go to Screen 43.284 Missouri PTE Tax Return.
  2. Check the Electing to become an Affected Business Entity (mandatory for PTE return) box to activate the forms.
  3. Enter any Tax Credits in the Credits from Form MO-TC section.
  4. If estimated tax was paid enter payments in the 2022 Estimated Tax section.
  5. Review the Form MO-PTE
  6. If any adjustments are needed go to Screen 40.281 Missouri Adjustments.
    1. Enter any additions in the Missouri Partnership Adjustment - Additions section to flow to to Part A - PTE Adjustments on the MO-PTE page 3
    2. Enter any subtractions in the Missouri Partnership Adjustment - Subtractions section to flow to Part A - PTE Adjustments on the MO-PTE page 3

If this is an amended return, Go to Screen 43.284 Missouri PTE Tax Return and check Amended. Complete the Amended PTE section to enter any additional information.

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To generate PTE for an S corporation:

  1. Go to Screen 48.285 Missouri PTE Tax Return
  2. Check the Electing to become an Affected Business Entity (mandatory for PTE return) box to activate the forms.
  3. Enter any Tax Credits in the Credits from Form MO-TC section.
  4. If estimated tax was paid enter payments in the 2022 Estimated Tax section.
  5. Review the Form MO-PTE
  6. If any adjustments are needed go to Screen 44.281 Missouri Adjustments.
    • Enter any additions in the Additions section to flow to to Part A - PTE Adjustments on the MO-PTE page 3
    • Enter any subtractions in the Subtractions section to flow to Part A - PTE Adjustments on the MO-PTE page 3

If this is an amended return, Go to Screen 48.285 Missouri PTE Tax Return and check Amended. Complete the Amended PTE section to enter any additional information.

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