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How to enter Connecticut PTE in ProConnect Tax

SOLVEDby IntuitUpdated 1 month ago

Down below we'll go over how to enter PTE for Connecticut on Individual, Partnership, and S Corporate returns in ProConnect Tax.

Who Must File a Pass-Through Entity Tax Return

For the 2023 taxable year, every PE that does business in Connecticut or has income derived from or connected with sources within Connecticut must file Form CT‑1065/CT‑1120SI regardless of the amount of its income or loss. The PE must first complete either federal Form 1065, U.S. Return of Partnership Income, or federal Form 1120S, U.S. Income Tax Return for an S Corporation. Information on the federal return is needed to complete Form CT‑1065/CT‑1120SI.

PEs that receive a Schedule CT K‑1, Member's Share of Certain Connecticut Items, from another PE must also file Form CT-1065/CT-1120SI.

Table of contents:

Individual
Partnership
S Corporation

Individual

  1. Go to Input Return Income Passthrough K-1's and select either the Partnership Info or S Corp Info.
  2. Select the State & Local tab.
  3. Scroll down to Connecticut Information.
  4. Enter the amount in the Pass-through entity credit field.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

Partnership

For Partnership returns, the pass-through entity tax calculation is automatically applied and will show on the CT-1065/CT-1120SI page 2 line 2.

Each Partners share of the tax will show on the CT K-1 Page 2, Part 3 - Connecticut PE Tax Credit Information.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

S Corporation

For S corporation returns, the pass-through entity tax calculation is automatically applied and will show on the CT-1065/CT-1120SI page 2 line 2.

Each Shareholder's share of the tax will show on the CT K-1 Page 2, Part 3 - Connecticut PE Tax Credit Information.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

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