Electing Pass-Through Entity Tax in ProSeries Professional

[troy]

I cannot locate in ProSeries 2021 where to make the pass-through entity tax election for the state of IL. This election would calculate the 4.95% tax that would ultimately pass to the individual return. Please confirm where I go to navigate in ProSeries to fin this election.

[Ringers · Accepted solution]

Hi Troy,

On the entity return, such as 1120-ST for Illinois, on page 1 check box L needs to be checked and then the IL PTE worksheet needs to be filled out to enable PTE treatment of the 4.95% IL income tax.

[troy]

I understand, but how do I navigate exactly to that section in ProSeries?

[troy]

I was actually able to find, thanks.