How to enter Indiana PTE in Lacerte

To claim the credit on an Individual

1. Go to Screen 20, Passthrough K-1s.
2. Use the drop down on the top nav to make sure you're assigning entries to Indiana.
3. Use the panel on the top left to select Partnership Information.
4. Scroll down or use the bottom left panel to select:
   • For S Corporations: Line 13 - Other Deductions
   • For Partnerships: Line 15 - Credits and Withholding.
5. Fill out the field for Pass-Through Entity Tax
   • This flows to Schedule 5, Line 3.
6. Scroll down or use the bottom left panel to select the Indiana Schedule INK-1 (EF only) section. This section must be completed for e-filed returns.

To generate the PTE for a Partnership

For Tax Year 2023 and future returns:

1. Go to Screen 37, Miscellaneous Information.
2. Use the top left panel to select Screen 37.111, Indiana Miscellaneous Information.
3. Scroll down or use the bottom left panel to select the Pass Through Entity Tax Election (IN-PTET) section
4. Check the box for Elect Pass Through Entity Tax.
5. Complete any remaining applicable fields.

For Tax Year 2022 Returns:

1. Go to Screen 37, Miscellaneous Information.
2. Use the top left panel to select Screen 37.111, Indiana Miscellaneous Information
3. Under the Indiana Miscellaneous section, check the Partnership has elected to be taxed at partnership level (Amended only) box.
   • This checks Box R on IT-65, page 1.

To generate the PTE for a S Corporation

1. Go to Screen 42, Miscellaneous.
2. Use the top left panel to select Screen 42.111, Indiana Miscellaneous.
3. Scroll down or use the bottom left panel to select the Pass Through Entity Tax Election (IN-PTET) section
4. Check the box for Elect Pass Through Entity Tax.
5. Complete any remaining applicable fields.