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Level 4
January 17, 2025
Question

PTE Estimates on Client Letters?

  • January 17, 2025
  • 1 reply
  • 9 views

Is ProSeries ever going to have the PTE estimates included as part of the client letters on entity returns? Most other software programs I have seen do this now. ProSeries will generate the safe harbor amounts for regular franchise tax, but completely ignores PTE for some reason. This isn't new legislation at this point.

Edit: this is primarily in Virginia, but I have not seen PTE estimates in client letters for any other states either, unless I'm missing a setting somewhere.

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1 reply

IRonMaN
Level 15
January 17, 2025

You have separate estimates for the franchise tax and PTE tax?

Slava Ukraini!
abctax55
Level 15
January 17, 2025

Jeff - CA does.   

As the OP didn't specify 'which' state... who knows.

And Lacerte does show the PTE safe harbor amount in the client letter.

HumanKind... Be Both
SL855Author
Level 4
January 17, 2025

Edited for clarity. These are primarily in Virginia, but in general the client letters in ProSeries do not include anything for PTE estimates.