How do I generate and process New York Passthrough Entity Tax (PTET) for submission to the state in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

  • Article Type:
  • Documentation
  • Last Modified:
  • 01/18/2023

Objectives

To provide step-by-step instructions on generating and processing a file for NY PTET in 1120S and 1065 returns to upload to the state of New York.

Environment

  • CCH ProSystem fx Tax
  • CCH Axcess
  • CCH Axcess Tax
  • 1120S
  • 1065
  • Worksheet 
  • Interview 
  • New York
  • PTET

Details

Steps to Generate and Process NY PTET Worksheet for Online Submission
  1. Request to produce NY PTET Worksheet on New York > PTET Credit > PTET Worksheet Options/Export > PTET Options > Produce PTE worksheet (1065 Interview Form NY2, Box 70, and 1120S Interview Form NY14, Box 140).
  2. Go to New York > PTET Credit > PTET Worksheet Options/Export worksheet > Expand Section 2 - PTET Export.
    • This Export option is available only in worksheet view.
  3. Select Export.
    •    
  4. Select Export this grid to a spreadsheet with all data entered: 
    Export this grid to a spreadsheet radio button
  5. Select OK.
  6. Select the location where the file should be saved.
  7. Select Save.
  8. Excel file should open with the saved file from Step 7.
  9. Select Save As and choose .CSV (Comma delimited) (*.csv).
Save As-Choose .CSV (Comma Delimited)
  1. Select Save.
  2. Edit the .csv file from Step 9 to remove the first 6 lines of the file.
Edit the .csv file from Step 9 to remove the first 6 lines of the file (the header)
  1. Edit the .csv file to remove any extra lines of the grids.
Edit the .csv file to remove any extra lines or rows from the grids.
13. Save .csv file.
14. Open in Notepad to ensure data is comma delimited, and all necessary information is present.
15. Save the Notepad document as a .txt file.
16. You can upload either of the following files to NY website (full instructions are located at this NY site starting point:
  • .csv file from Step 13; or
  • .txt file from Step 15

Additional Information

N/A

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