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Level 3
August 22, 2023
Question

Can a non-resident shareholder of an Ohio S-corp claim the PTE credit (Ohio Tax) on their federal return? If so, does it get entered on Schedule A and is it subject to the $10,000 cap under the TCJA?

  • August 22, 2023
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1 reply

sjrcpa
Level 15
August 22, 2023

OH PTET paid in 2022 is a tax deduction on the 2022 S Corp federal return. Line 1 of the individual's K-1 will reflect that.

 

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