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How to enter Rhode Island PTE tax in ProConnect Tax

by ProConnect Tax Online Updated 7 months ago

To generate PTE in Individual business filings:

  1. From the Input Return tab, go to State & Local Taxes  RI PTE Taxes.
  2. Enter a 1 for taxpayer and/or spouse column on the File RI-PTE row.
  3. Complete the 1=Cash, 2=Accrual row for the taxpayer or spouse columns.
  4. Review the lines for any variations that apply to this client.

To generate PTE for a Partnership:

  1. From the Input Return tab, go to State & Local Adjustments  RI Adjustments.
  2. In the PTE tax elected to be paid by PTE under RIGL 44-11-2.3 field, 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 State & Local Other Forms  RI PTE Taxes.
  4. Under the Rhode Island PTE Taxes section, check the File RI-PTE checkbox.
  5. Complete the 1=Cash, 2=Accrual line to generate the RI-PTE.
  6. Go to the Rhode Island Pass-Through Withholding section, which is also located under Other Forms.
  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 PTE for an S-Corporation:

  1. From the Input Return tab, go to State & Local Other Forms  RI PTE Taxes.
  2. Under the Rhode Island PTE Taxes section, check the File RI-PTE checkbox.
  3. Complete the 1=Cash, 2=Accrual line to generate the RI-PTE.
  4. Go to State & Local Other Forms RI 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 PTE for a Fiduciary:

  1. From the Input Return tab, go to State Taxes  RI PTE Taxes.
  2. Under the Rhode Island PTE Taxes section, check the File RI-PTE checkbox.
  3. Complete the 1=Cash, 2=Accrual line to generate the RI-PTE.
  4. Review the calculations on the RI-PTE and the RI-1099E for each.
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