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How to enter Rhode Island PTE in ProSeries

SOLVEDby Intuit2Updated March 16, 2023

This article will help you report the Rhode Island elective pass-through entity tax (sometimes called PTE, PTET, or SALT workaround) and the resulting credit in ProSeries.

Table of contents:

To claim the credit on the 1040 return:
To generate PTE on a 1065:
To generate PTE on a 1120S:
To generate PTE on a 1041.

Before you start:

  • ProSeries doesn't support electronic filing of the Rhode Island Forms RI-PTE
  • To determine if your client is eligible, the instruction booklets for Pass-through Entity Election.

To claim the credit on an individual return:

  1. Open the Rhode Island return.
  2. Open Schedule W.
    1. Press F6 to bring up Open Forms.
    2. Type W to highlight RI Sch W.
    3. Click OK to open the Schedule W.
  3. In column B select RI-1099PT to generate code P.
  4. Complete the remainder of the columns based on the information from 1099PT form.
  5. If you are e-filing the return you'll need to attach the 1099PT as a PDF attachment using Type: Other. See How do I attach PDF files to federal or state electronic filing for details.

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To generate PTE for a partnership:

  1. Open the Rhode Island Partnership Information Worksheet.
  2. Scroll down to Part III - Tax Year and Filing Information
  3. Check the Yes box for Is partnership an electing PTE?
  4. Review the calculations on the RI-PTE and the RI-1099E for each partner.

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To generate PTE for an S corporation:

  1. Open the Rhode Island S Corporation Information Worksheet.
  2. Scroll down to Part III - Tax Year and Filing Information.
  3. Check the Yes box for Is S-corporation an electing PTE?
  4. Review the calculations on the RI-PTE and the RI-1099E for each shareholder.

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To generate PTE for an Fiduciary:

  1. Open the Rhode Island Fiduciary Information Worksheet.
  2. Scroll down to Part III - Tax Year and Filing Informaiton
  3. Check the Yes box for Is taxpayer an electing PTE?
  4. Review the calculations on the RI-PTE and the RI-1099E for each beneficiary.

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