How to enter Vermont PTE in Lacerte

To claim the credit on an Individual

1. Go to State & Local, 51 Modifications and select Wisconsin to access Screen 51.231 Wisconsin Modifications.
2. From the Sections list select Wisconsin Additions or Subtractions.
3. Enter the modifications on either Entity level tax for tax-option S Corporations or Entity level tax for partnerships.

To generate the PTE for a Partnership

1. Go to Screen 43.234 Wisconsin Entity-Level Tax.
2. Check the Electing to pay tax at the entity level checkbox.
3. Make any additional adjustments needed under Entity-Level Adjustments.
4. Review the Schedule 3-ET.
5. If you are e-filing attach the statement as a PDF.

To generate the PTE for a S-Corporation

1. Go to Screen 48.232 Wisconsin Entity-Level Tax.
2. Check the Electing to pay tax at the entity level checkbox.
3. Make any additional adjustments needed under Entity-Level Adjustments.
4. Review the Schedule 5S-ET.
5. If you are e-filing attach the statement as a PDF.