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How to enter Kansas PTE in Lacerte

by Lacerte Tax 2022 Updated 1 year ago

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

Individual

  1. Go to Screen 53.061, Kansas Credits.
  2. Under the Kansas Refundable Credits section, enter the amount in the Credit for tax paid on K-120S field.
    • This flows to Line 26 of Form K-40.

Partnership

  1. Go to Screen 37.061, Kansas Miscellaneous Information.
  2. Under the Kansas Information section, check the box for Electing to be subject to tax at the entity level.
    • This marks "Are you electing to be subject to tax at the entity level?" on page 1 of KS K-120S, calculates tax on page 2, and completes Part IV - Partners or shareholders distribution of income on page 5.

A report for those electing to pay income tax on the K-120S is generated, called the K-9 Kansas Statement.

S Corporation

  1. Go to Screen 42.061, Kansas Miscellaneous Information.
  2. Under the Kansas Information section, check the box for Electing to be subject to tax at the entity level.
    • This marks "Are you electing to be subject to tax at the entity level?" on page 1 of KS K-120S, calculates tax on page 2, and completes Part IV - Partners or shareholders distribution of income on page 5.

A report for those electing to pay income tax on the K-120S is generated, called the K-9 Kansas Statement.

Lacerte Tax

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