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How to enter Virginia PTE in ProConnect Tax

by Intuit Updated 1 week ago

Table of contents:

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

Individual

  1. From the Input Return tab, go to State & Local Other Credits VA Credits.
  2. Under the Virginia Schedule CR section towards the bottom of the screen, under the Pass Through Entity Elective Tax Payment Credit subsection, enter the amount from the K-1 in the Total credits allows this year field.
    • This amount flows to page 5, part VI of Schedule CR.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

Partnership

The Form 502PTEP must be e-filed. Select Virginia for e-filing on the Profile tab, otherwise critical diagnostic ref. 58072 will be triggered.

  1. From the Input Return tab, go to State & Local Miscellaneous Information VA Miscellaneous Information.
  2. Under the Virginia Miscellaneous Information section, in the Form 502PTET subsection, check the Certify eligibility and election to pay VA income tax at entity level for the taxable year (MANDATORY) box.

Additional checkboxes and entries may be needed in this section, depending on your client needs.

Back to Table of ContentsPCG_ASSET_spacer_11px.pngA black and white photo of a street light.

S Corporation

The Form 502PTEP must be e-filed. Select Virginia for e-filing on the Profile tab, otherwise critical diagnostic ref. 58117 will be triggered.

  1. From the Input Return tab, go to State & Local Miscellaneous VA Miscellaneous.
  2. Under the Virginia Miscellaneous Information section, in the Form 502PTET subsection towards the bottom, check the Certify eligibility and election to pay VA income tax at entity level for the taxable year (MANDATORY) box.

Additional checkboxes and entries may be needed in this section, depending on your client needs.

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