Indiana Senate Bill 2 (SB2) Pass-Through Entity Tax - PTE

  • Article Type:
  • QA
  • Last Modified:
  • 03/30/2023

Question

Indiana Senate Bill 2 may create PTE deduction for Indiana taxpayers.
Does CCH have a plan or timeline that addresses when, if enacted, the CCH Axcess Tax software will be able to complete PTE forms if applicable?
When the software be able to function with this capability should it be necessary?
The Senate Bill 2 affects 2022 tax returns, which could create a tight timeline for software updates and return filing.

Environment

  • CCH® ProSystem fx® Tax
  • CCH Axcess™ Tax
  • Partnership – 1065
  • S Corporation – 1120S

Answer

Update
We are projecting that the form IN-PTET (election form) will be added and Composite return (filing of the return) will be updated on release 2022-3.4 (2022.03040) scheduled to be posted on April 23. 

 

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