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NYS PTET - CT-34-SH
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SGrundmanEA
Level 1
02-07-2022
02:37 PM
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Hello - I was following a thread on ProSeries about where to enter the shareholder PTET to flow through on the CT-34 -SH, but the Intuit employee directed the person that asked about where to put it on Lacerte to come here to the forum and ask the question? I see nothing posted, so please reply with post if it is posted somewhere.
Where do we enter the shareholder's portion of PTET paid to flow through properly on the CT-34-SH?
Proseries said the following:
yesterday
I have good news to share. With the recent release of NY to allow efiling, functionality on the CT-3-S has been added to allow users to enter the total PTET taxable income and credit on the CT-34-SH, pg 1 -3 form. Scroll to the bottom and there is a worksheet that allows input of the PTET information.
These inputs will be allocated prorata to the shareholders as required for s corporations as part of the supplemental statement on each K-1.
Hopefully this will reduce the pain point requiring users to input the amounts for each shareholder. Thanks to everyone for their input.
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