This article will help you report the Alabama elective pass-through entity tax (sometimes called PTE, PTET, or SALT workaround) and the resulting credit in Intuit ProConnect.
To claim the credit on an individual return:
- From State & Local, under Other, go to AL Other.
- Scroll down to the Alabama Payments section.
- Complete the table for Composite payments and elect PTE credits (Ctrl+E).
The credit will flow to Schedule CP, from there to line 26 of Form 40.
To generate the PTE for a partnership:
- From State & Local, under Miscellaneous Information, go to AL Miscellaneous Information.
- Scroll down to the Electing Pass-Through Entity Tax section.
- Check the box for Electing EPT.
- Complete additional fields as needed.
This will flow to the Alabama EPT, as well as the EPT-K1.
To generate the PTE for an S corporation:
- From State & Local, under Miscellaneous, go to AL Misc., Amended Return.
- Scroll down to the Electing Pass-Through Entity Tax section.
- Check the box for Electing EPT.
- Complete additional fields as needed.
This will flow to the Alabama EPT, as well as the EPT-K1.