How do I generate Oklahoma Form 587-PTE in a 1065 return using CCH Axcess Tax and CCH Prosystem fx Tax worksheet view?

  • Article Type:
  • Problem Resolution
  • Last Modified:
  • 11/05/2022

Symptoms

N/A

Environment

  • CCH Axcess Tax
  • CCH Prosystem fx Tax
  • 1065
  • Oklahoma
  • 587-PTE

Cause

N/A

Resolution

  1. Go to Oklahoma > Other Worksheet.
  2. Expand Section 7 - Pass-Through Entity Election.
  3. In Line 1 - Pass-through Entity Election, select Pass-through Entity Making the Election.
  4. In Line 3 - The election/revocation is effective beginning tax year, input a date which must be a current year date.
    • For a calendar 2020 year return, input 01/01/2020 as the date of election.
    • For a calendar 2019 year return, input 01/01/2019 as the date of election.
  5. Calculate the return.
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