How to enter Georgia PTE in Lacerte

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

Table of contents:

Individual

1. Go to Screen 51.201, Georgia Miscellaneous.
2. In the section that matches the type of modification you'd like to make, enter the amount in the following field:
   • Georgia Additions⮕PTE Owners: Addition to share of entity's allocable loss, using Description "PTEADD."
     • Flows to Sch 1, Additions to Income - Line 5.
   • Georgia Subtractions⮕PTE Owners: Addition to share of entity's allocable income, using Description "PTEDED."
     • Flows to Sch 1, Subtractions to Income - Line 12.

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Partnership

1. Go to Screen 37.201, Elect to pay at entity level.
2. Under the Georgia Miscellaneous section, check the box for Elect to pay at entity level.
   • This will generate PV CORP with the tax paid. Partners will see this on page 2 of the Ptr. Summary, including instructions on how to report it as a subtraction on their Individual GA return.

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S-Corporation

1. Go to Screen 42.201, Elect to pay at entity level.
2. Under the Georgia Miscellaneous section, check the box for Elect to pay at entity level.
   • This will generate PV CORP with the tax paid. Shareholders will see this on page 2 of the S/H Summary, including instructions on how to report it as a subtraction on their Individual GA return.

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