1. Go to Arkansas > Pass-Through Entity Tax worksheet.
2. Expand section - Pass-Through Entity Tax.
3. In line - Pass-Through Entity Tax Prepare (Y/N), select Y.
4. Calculate the return.

1. Go to Common State > State PTE Generation worksheet.
2. In line Arkansas, select the checkbox in the Generate State PTE Return column.
3. Calculate the return.

• Go to Extensions > Extensions worksheet > section State Extension Information > line - Produce all state first extensions (Interview EXT-2, box 30), select the checkbox.
• Or grid - Specific State Information - First Extensions, in column State Code (Interview EXT-2, Box 40) select AR.
  • If after 3/15, also select the checkbox titled X to Unlock (Interview EXT-2, box 45) .

• Line Amount of this Payment, calculates based on AR1100PET, line 7, but can be overridden directly on the form, or Arkansas > Penalty and Payments worksheet > line Payment made with extension - override (Interview Arkansas > AR4, box 38).
• Line 2A is populated if the Federal 7004 extension is prepared. 
• Line 2B is populated if extension input below is used and the Federal 7004 extension is not prepared.

• Page 1, lines 1, 3, 8, 10 and 11 can be overridden at Arkansas > Pass-Through Entity Tax worksheet > expand section 1, lines 5-9.
• Page 1, line 16 and 17:
  1. Arkansas > General worksheet > section General > line Date return filed if after due date, input applicable filing date.
  2. Arkansas > Payments / Penalties worksheet > section Late Interest and Penalties.
  3. Line Compute late payment interest, will populate line 16.
  4. Line Compute late payment penalty, will populate line 17.
  5. Go to Federal > Payments / Penalties / Estimates > Penalties worksheet > section State / City Late Interest and Penalties > column State = AR, and column Late Payment Penalty, will populate line 17.
• Page 3, lines 1, 2, 4-7, 10, 12-15, 17-23, 26,  and 28-29 can be overridden at Arkansas > Pass-Through Entity Tax worksheet > expand section 3 - Lines 1-6, 8, 10-13, and 15-24.

1. Go to Arkansas > Pass-Through Entity Tax worksheet.
2. Expand section AR1100NOL.
3. In line 1 - Tax year end when loss incurred, input the year end of the loss carryforward.
4. In line 2 - NOL amount, input the original loss amount from the year input in line 1.
5. In column - Tax year, input each year in which portions of the NOL were utilized.
6. In column Claimed amount, input amounts already utilized of the amount input in line 2.
7. In column Balance, these fields will override the calculated amount for the row of AR1100NOL.
8. Calculate the return.

1. Go to Arkansas > Pass-Through Entity Tax worksheet.
2. Expand section AR 362 Information.
3. In line Produce AR362 - PET Election form, select Y to prepare. 
4. In lines 4-10, input applicable information if preparing the election.
5. In lines 2 and 3, select applicable option and input applicable date if preparing a revocation.
6. Calculate the return.

Note

• Arkansas > General worksheet > section General > line Return filing status field controls how and where the state taxable income is calculated; 
  • AR1100PET, page 3 will populate if page 1, option 1 or 3 is selected.
  • AR1100PET, page 3 will be blank if page 1, option 2 is selected - Multistate Pass-Through Entity - Apportionment, prompting taxable income to be calculated on AR1100, page 4, based direct on Federal business income.