Passthrough entity tax (PTET) topics for 1065 and 1120S returns using CCH Axcess™ Tax and CCH® ProSystem fx® Tax.

  • Article Type:
  • Documentation
  • Last Modified:
  • 02/24/2024

Objectives

To learn about Passthrough entity tax (PTET) topics for 1065 and 1120S returns using CCH Axcess™ Tax and CCH® ProSystem fx® Tax.

Environment

  • CCH® ProSystem fx® Tax
  • CCH Axcess™ Tax
  • Partnership – 1065
  • S Corporation – 1120S
  • State And Local Tax – SALT
  • Pass-through Entity Tax – PTET

Details

Important 2023 Software Information

  • All state PTET return generation has been centralized to Federal > Common State/City > State PTE Generation Worksheet (Interview Form PTE-ST1). See State Worksheets and Interview Forms for additional PTET input.
StateSystemLink to Article
Alabama1065 / 1120S
Arizona1065 / 1120S
Arkansas1065
1120S
California1065 / 1120S
Colorado1065 / 1120S
Connecticut1120S
Delaware Not yet proposed or enacted PTE taxes
District of Columbia (DC) Not yet proposed or enacted PTE taxes
GeorgiaQA
1065
Hawaii Effective 2023 - SB 1437 SD1 HD2 CD1 passed Senate, passed House, sent to Governor
Idaho1065
1120S
Illinois1065 / 1120S
IndianaDocumentation
1065
1120S
IowaLegislation
1065
1120S
Kansas1065
1120S
Kentucky1065 / 1120S
Louisiana1065
Maine ME - LD 1891 introduced
Maryland1065 / 1120S
Massachusetts1065
1120S
Michigan1065
MinnesotaQA
1065 / 1120S
Mississippi1065 / 1120S
MissouriQA
1065 / 1120S
Montana 
Nebraska Effective 2023 - LEGISLATIVE BILL 754
Nevada Not yet proposed or enacted PTE taxes.
New Hampshire No owner-level personal income tax on PTE Income.
New Jersey1065 / 1120S
New Mexico1065
1120S
New York1065 / 1120S / 1040 / 1041
New York City1065
1120S
North Carolina1065
1120S
North Dakota 
Ohio1065 / 1120S
Oklahoma1065
1120S
Oregon1065
1120S
Pennsylvania PA – SB 659 and HB 1584 introduced
Rhode Island1065
1120S
South Carolina1065
1120S
South Dakota No owner-level personal income tax on PTE income
Tennessee No owner-level personal income tax on PTE income
Texas No owner-level personal income tax on PTE income
Utah Can I prepare tax year 2022 Utah passthrough entity tax with a partnership 1065 or S corporation 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
Virginia1065 / 1120S
Vermont HB61 /SB45 passed Senate, in House
Washington No owner-level personal income tax on PTE income
West Virginia 
Wisconsin1065
1120S
Wyoming No owner-level personal income tax on PTE income


 

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