Knowledge Base Solution - Common Questions regarding Connecticut Pass-Through Entity Tax Return (PTE) Information with 1065 and 1120S returns using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.

Common Questions regarding Connecticut Pass-Through Entity Tax Return (PTE) Information with 1065 and 1120S returns using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.

What are some common questions and answers regarding Connecticut pass-through entity tax return with a Partnership?

Question	Answer
-Form Name	CT-1065/CT-1120SI
-State Links	https://portal.ct.gov/DRS/DRS-Forms/Current-Year-Forms/Pass-Through-Entity-Tax-Forms
Election for PTE
-Is an Election Required?	No.
-Made when?	At filing.
-Good for?	Going forward.
-How do we make this election?	N/A
-Separate Form needed?	No.
-Option to Opt-Out?	No.
Generation of State PTE Return
-How do we generate the form above?	Common State/City > State Generation worksheet.
-How do we generate the form above?	Interview Form GEN-ST1.
Estimates
-Are there estimates for this form?	CT-1065/CT-1120SI ES
-How do we generate them?	Connecticut > Payments / Penalties > Estimates and Application of Overpayment Interview Form Connecticut > CT4.
-Can you apply an overpayment from the current year form?	Yes, in the same input as above.
Interest/Penalties
-Do interest/penalties apply?	Yes.
-If yes, how do we request the calculation?	Connecticut > Payments / Penalties > Late Interest and Penalties. Interview Form Connecticut > CT2.
-Is there an underpayment penalty?	Yes.
Additional PTE Information Common State > State PTE Generation worksheet >Grid 23 (Interview PTE-ST1, boxes 300-364)
-Does this section apply to this state?	No.

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Solution Id	000261543/000261543
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