
How to enter Maryland PTE tax in ProConnect Tax
by Intuit• Updated 1 month ago
This article will help you report the elective pass-through entity tax (sometimes called PTE, PTET, PET, or SALT workaround) and the resulting credit.
For more PTE resources, check out our dedicated Tax topics page where you'll find a list of all PTE states and the respective content for each.
To claim the credit on an Individual return:
- From the Input Return tab, go to Income ⮕ Passthrough K-1s ⮕ Partnership Info or S-Corp Info, depending on the K-1 that reported a credit.
- From the Schedule K-1 sections along the top, select State & Local.
- Scroll down to the Maryland Pass-through Entity Member's Information section.
- Complete the related fields under the Nonresident/Entity Election section.
To generate the PTE for a Partnership:
- From the Input Return tab, go to State & Local ⮕ Miscellaneous Information ⮕ MD Miscellaneous Information.
- Check the box Electing to remit tax on resident members’ shares of income to generate Form 511.
- For any partner-specific overrides, go Maryland Miscellaneous and complete the related fields. You will find it from Schedule K, under Schedule K-1 Miscellaneous.
- For additional inputs at the Maryland Schedule K level, go to MD Schedule K for the following fields. You will find it from State & Local, under Schedule K:
- Distributive or pro rata share of income (Pass-through entity taxable income, if 511) [O]
- Non-Maryland income (separate accounting)
- Overpayment applied from 2023 (Form 511)
- Overpayment applied to next year (Form 511)
To generate the PTE for an S-Corporation:
- From the Input Return tab, go to State & Local ⮕ Miscellaneous ⮕ MD Miscellaneous.
- Scroll down to the Miscellaneous section and check the box Electing to remit tax on resident members’ shares of income to generate Form 511.
- Complete the following fields where relevant:
- Total distributive or pro rata share of income (Form 510 line 2) [O]
- Non-Maryland income (line 3a)
- Overpayment applied to next year (Form 511) (1=all)
- For any shareholder-specific overrides, go to MD Shareholder Overrides and complete the related fields under the Nonresident Tax Withheld section. You will find this screen from State & Local, under Schedule K-1.
To generate the PTE for a Fiduciary:
- From the Input Return tab, go to State ⮕ Other Credits ⮕ MD Other Credits.
- Scroll down to Tax paid by an electing PTE section and enter the Pro rata or distributable amount of PTE tax paid by electing PTE.
- This amount will flow to Form 504CR.
- Go to State ⮕ Taxes ⮕ MD Taxes.
- Enter the Nonresident tax paid by pass-through entities (Ctrl+E).
- If needed, Trust amount of PTE [O] may be used to override the calculated amount of PTE withholding for the fiduciary.