Common Questions regarding Mississippi Pass-through Entity Election with a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
- Article Type:
- QA
- Last Modified:
- 04/24/2023
Question
What are some common questions and answers regarding Mississippi Pass Through Entity Tax with tax year 2022?
Environment
- CCH® ProSystem fx® Tax
- CCH Axcess™ Tax
- Partnership - 1065
- Mississippi - MS
Answer
Question | Answer |
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Form Name |
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-State Links | |
Election for PTE | |
-Is an Election Required? |
|
-Made when? |
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-Good for? |
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-How do we make this election? |
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-Separate Form needed? |
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-Option to Opt-Out? |
|
Generation of State PTE Return | |
How do we generate the form above? |
|
| |
| |
Is this a separate filing from the main form, part of the main form, or filed on it's own? |
|
Estimates | |
Are there estimates for this form? |
|
Interest/Penalties | |
Do interest/penalties apply? |
|
Additional PTE Information
| |
Does this section apply to this state? |
|
Additional Input Available | |
-Does new input options under State and City Tax Refund flow to the state? |
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-Does new input options under Taxes and Licenses flow to the state? |
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-Does new input options under Rent/Royalty flow to the state? |
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-Does the new input options under Farm flow to the state? |
|
Note
- This election will check the 84-105 box for "Electing pass-through entity" and calculate the partner's tax paid by electing pass-through entity on Mississippi form 84-131, column D. The partner's amount of 84-131, column D carries to the partner's 84-132, Part V.
Additional Information
- How do I elect Mississippi Form 84-105 pass-through entity tax with a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
- Common Questions regarding Mississippi Pass-through Entity Election with an 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
- Passthrough entity tax (PTET) topics for 1065 and 1120S returns using CCH Axcess™ Tax and CCH® ProSystem fx® Tax.
Solution Id | 000260599/000260599 |
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Direct Link |