PTE Pass-Through Entity MN - Carry over to federal 1040

Forum|Forum|3 years ago
February 1, 2023
3 replies
21 views

Good morning,

I am not able to get the PTE payment to carry over to the federal side on the personal taxes. Could someone assist in how I would go about how to get this credit to carry over to federal? The S-Corp is completed and I have the KS for MN but it is not pulling the taxes paid to the schedule A

Thank you and I really appreciate your help and guidance.

Lisa Johnson

ProSeries Professional

This topic has been closed for replies.

Best answer by sjrcpa

The main purpose of the PTET election is to avoid Schedule A and its limitation of $10K for state and local taxes.

K

kfisher1

Moderator

Hello!

Your question regarding PTE Pass-Through Entity MN was applied to the Intuit Tax Advisor program page. This input must be made in a tax program and considering you are a ProSeries user I have moved your post to the ProSeries Tax Discussions room.

I was however able to find the following article on entering this information into Proseries here:
https://accountants-community.intuit.com/articles/2447901-how-to-enter-minnesota-pte-tax-in-proseries