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How to enter Kansas PTE in ProConnect Tax
by Intuit• Updated 7 months ago
This article will help you report the Kansas elective pass-through entity tax (sometimes called PTE, PTET, or SALT workaround) and the resulting credit.
Individual
- From the Input Return tab, go to State & Local ⮕ Other Credits ⮕ KS Credits.
- 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
- From the Input Return tab, go to State & Local ⮕ Miscellaneous Information ⮕ KS Miscellaneous Information.
- 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
- From the Input Return tab, go to State & Local ⮕ Miscellaneous ⮕ KS Miscellaneous.
- 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.