ProConnect HelpIntuit HelpIntuit

How to enter Rhode Island PTE tax in ProConnect Tax

SOLVED•by Intuit•Updated 1 year ago

To generate PTE in Individual business filings:

  1. From the Input Return tab, go to State & Local ⮕ Taxes ⮕ RI PTE Taxes.
  2. Enter a 1 for taxpayer and/or spouse column on the File RI-PTE row.
  3. Complete the 1=Cash, 2=Accrual row for the taxpayer or spouse columns.
  4. Review the lines for any variations that apply to this client.

To generate PTE for a Partnership:

  1. From the Input Return tab, go to State & Local ⮕ Adjustments ⮕ RI Adjustments.
  2. In the PTE tax elected to be paid by PTE under RIGL 44-11-2.3 field, 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 State & Local ⮕ Other Forms ⮕ RI PTE Taxes.
  4. Under the Rhode Island PTE Taxes section, check the File RI-PTE checkbox.
  5. Complete the 1=Cash, 2=Accrual line to generate the RI-PTE.
  6. Go to the Rhode Island Pass-Through Withholding section, which is also located under Other Forms.
  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.

To generate PTE for an S-Corporation:

  1. From the Input Return tab, go to State & Local ⮕ Other Forms ⮕ RI PTE Taxes.
  2. Under the Rhode Island PTE Taxes section, check the File RI-PTE checkbox.
  3. Complete the 1=Cash, 2=Accrual line to generate the RI-PTE.
  4. Go to State & Local ⮕ Other Forms ⮕ RI 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.

To generate PTE for a Fiduciary:

  1. From the Input Return tab, go to State ⮕ Taxes ⮕ RI PTE Taxes.
  2. Under the Rhode Island PTE Taxes section, check the File RI-PTE checkbox.
  3. Complete the 1=Cash, 2=Accrual line to generate the RI-PTE.
  4. Review the calculations on the RI-PTE and the RI-1099E for each.

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.

Dynamic AdsDynamic Ads