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How to enter Rhode Island PTE tax in Lacerte

SOLVED•by Intuit•1•Updated March 16, 2022

Before you start:

  1. Go to Screen 54.492 Rhode Island PTE Taxes.
  2. Enter a 1 for taxpayer and/or spouse on File TI-PTE.
  3. Complete the 1=Cash, 2=Accrual line for the taxpayer or spouse.
  4. Review the lines for any variations that apply to this client.
  1. Go to Screen 40.491 Rhode Island Adjustments.
  2. On the PTE tax elected to be paid by PTE under RIGL 44-11-2.3 line enter the total amount of pass-through entity tax elected to be paid to be allocated to pass-through entity partners. 
    • This amount will be multiplied by the ratio of pass-through entity partners and reported in the Additions section of the RI K-1.
    • Amount entered is also reported on form RI-1065 as an addition to federal taxable income. 
  3. Go to Screen 43.494 Rhode Island PTE Taxes.
  4. Under the Rhode Island PTE Taxes section check the File RI-PTE checkbox.
  5. Complete the 1=Case, 2=Accrual line to generate the RI-PTE.
  6. Go to Screen 43.493 Rhode Island Pass-Through Withholding.
  7. Review the lines for any variations that apply to this client.
  8. Review the calculations on the RI-PTE and the RI-1099E for each partner.
  1. Go to Screen 49.493 Rhode Island PTE Taxes.
  2. Under the Rhode Island PTE Taxes section check the File RI-PTE checkbox.
  3. Complete the 1=Case, 2=Accrual line to generate the RI-PTE.
  4. Go to Screen 49.492 Rhode Island Pass-Through Withholding.
  5. Review the lines for any variations that apply to this client.
  6. Review the calculations on the RI-PTE and the RI-1099E for each shareholder.
  1. Go to Screen 58.492 Rhode Island PTE Taxes.
  2. Under the Rhode Island PTE Taxes section check the File RI-PTE checkbox.
  3. Complete the 1=Case, 2=Accrual line to generate the RI-PTE.
  4. Review the calculations on the RI-PTE and the RI-1099E for each.

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