Strongsilence-C
Level 9
02-11-2022
06:40 PM
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Taxpayer is an LLC, filing RI-1065, with nonresident shareholders. Withholding is required and Form 1096-PT should be generating. I don't know why it isn't. Any help would be appreciated.
I can get the form to populate by inputting the income to the input form 43.493 but the 1096-PT does not highlight in the Forms List. This suggests that LC thinks the forms is not required. So that might give you an idea of the problem.
Calling Tyler Valdez.
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Strongsilence-C
Level 9
02-12-2022
01:39 PM
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When the RI PTE tax is elected then Form 1096-PT is not produced. I haven't delved into this issue yet, but it appears that either the PTE tax substitutes for the Nonresident withholding.
I answered my question.
The PTE tax reduces Federal AGI while the NR withholding doesn't. No brainer right?
