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How to enter Georgia PTE in ProConnect Tax

SOLVEDby IntuitUpdated June 13, 2023

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

The election may only be made by a Partnership or S-Corporation that is 100 percent directly owned and controlled by “persons” eligible to be shareholders of an S-Corporation under § 1361 of the Internal Revenue Code of 1986, as amended. Single-member LLCs not taxed as a Partnership or S-Corporation are not eligible to make the election. “Persons” can include certain estates and grantor trusts.

Table of contents:

Individual
Partnership
S-Corporation

Individual

  1. From the Input Return tab, go to State & Local Modifications GA Modifications.
  2. Scroll down to the section that matches the type of modification you'd like to make, and 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. From the Input Return tab, go to State & Local Miscellaneous Information GA Miscellaneous Information.
  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. From the Input Return tab, go to State & Local Miscellaneous Information GA Miscellaneous Information.
  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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