How to enter Georgia PTE in Lacerte

Down below we'll go over how to enter PTE for Georgia on Individual, Partnership, and S Corporate returns in Lacerte.

Individual

1. Go to Screen 52.201, Georgia Miscellaneous.
2. In the section that matches the type of modification you'd like to make, enter the amount in the following field:
   • Georgia Additions ⮕ PTE Owners: Addition to share of entity's allocable loss, using Description "PTEADD."
     • Flows to Sch 1, Additions to Income - Line 5.
   • Georgia Subtractions ⮕ PTE Owners: Addition to share of entity's allocable income, using Description "PTEDED."
     • Flows to Sch 1, Subtractions to Income - Line 12.

Partnership

1. Go to Screen 37.201, Elect to pay at entity level.
2. Under the North Carolina Miscellaneous section, check the box for Elect to pay at entity level.
   • This will generate PV CORP with the tax paid. Partners will see this on page 2 of the Ptr. Summary, including instructions on how to report it as a subtraction on their Individual GA return.

S Corporation

1. Go to Screen 42.201, Elect to pay at entity level.
2. Under the North Carolina Miscellaneous section, check the box for Elect to pay at entity level.
   • This will generate PV CORP with the tax paid. Shareholders will see this on page 2 of the S/H Summary, including instructions on how to report it as a subtraction on their Individual GA return.