ProConnect HelpIntuit HelpIntuit

How to enter Illinois PTE tax in ProConnect

SOLVEDby Intuit2Updated July 14, 2022

This article will help you report the Illinois elective pass-through entity tax (sometimes called PTE, PTET, or SALT workaround) and the resulting credit inIntuit ProConnect.

To claim the credit on an individual return:

  1. From State & Local, under Other Credits, go to IL Credits.
  2. Scroll down to the bottom of the input and enter the amount from form K-1-P, line 53a, in Pass-through entity tax credit.

The credit will flow to form IL-1040, Step 8.

To generate the PTE for a partnership:

  1. From State & Local, under Miscellaneous Information, go to IL Miscellaneous Information.
  2. Scroll down to the Pass-through Entity Tax (PTE) section.
  3. Check the box for Electing to file and pay Pass-through Entity Tax.

The program will calculate the PTE Income Worksheet and print the result on form IL-1065, step 8, line 60. The credit for each partner will also flow to Schedule B, page 2, and be reported on their respective Sch K-1-P.

To generate the PTE for an S corporation:

  1. From Income & Deductions, go to IL Adjustments-Part 1A.
  2. Scroll down to the Pass-through Entity Tax (PTE) section.
  3. Check the box for Electing to file and pay Pass-through Entity Tax.

The program will calculate the PTE Income Worksheet and print the result on form IL-1120, step 8, line 60. The credit for each partner will also flow to Schedule B, page 2, and be reported on their respective Sch K-1-P.

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.