Knowledge Base Solution - How do I generate Wisconsin Schedule 3-ET with a 1065 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

How do I generate Wisconsin Schedule 3-ET with a 1065 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

Article Type:
How To
Last Modified:
04/17/2023

Objectives

Prepare and calculate passthrough entity tax for a Wisconsin partnership return.

Environment

CCH® ProSystem fx® Tax
CCH Axcess™ Tax
Partnership - 1065
Wisconsin - WI
Passthrough Entity Tax - PTET

Procedure

Go to Wisconsin > Income/Deductions worksheet.
Expand Section 3 - Form 3-ET.
In Line 1 - Elect to be taxed at the entity level, select the checkbox.
Calculate the return.

Or

Go to Common State > State PTE Generation worksheet.
Select Wisconsin checkbox.
Calculate the return.

Note

With tax year 2021, review Form 3-ET, line 19 amount calculated. The amount may need to be re-entered at Wisconsin > Income/Deductions worksheet > Expand Section 3 - Form 3-ET >In Line 2 - Entity level tax - override to carry to 3-ET, line 21, and thus to Form 3, part 1, line 1.

Additional Information

N/A

Solution Id	000156789/000156789
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