State PTE Quicklook with a 1040 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
- Article Type:
- Documentation
- Last Modified:
- 06/01/2023
Objectives
Provide a quicklook review of states with pass through entity tax forms, lines, and calculations for preparing an individual 1040 tax return and its required state(s).
Environment
- CCH Axcess™ Tax
- CCH Prosystem fx™ Tax
- Individual – 1040
- State And Local Tax – SALT
- Pass-through Entity Tax – PTET
Details
| State | PTE Provision | Passthrough Input | State Input | State Input Override | Makes an Adjustment to Income for PTE | Credit Limitation | * |
|---|---|---|---|---|---|---|---|
| AL | X | X | |||||
| AZ | X | X | X | X | |||
| AR | X | X | X | ||||
| CA | X | X | X | X | |||
| CO | X | X | |||||
| CT | X | X | |||||
| GA | X | X | X | ||||
| ID | X | X | |||||
| IL | X | X | X | X | |||
| KY | X | X | X | X | |||
| LA | X | X | X | ||||
| MA | X | X | X | X | |||
| MD | X | X | |||||
| MI | X | X | X | X | X | ||
| MN | X | X | X | X | |||
| MS | X | X | X | X | X | ||
| NC | X | X | X | ||||
| NJ | X | X | X | X | |||
| NM | X | X | X | X | |||
| NY | X | X | X | **X | |||
| OH | X | X | X | X | |||
| OK | X | X | X | X | X | ||
| OR | X | X | |||||
| RI | X | X | X | ||||
| SC | X | X | X | X | |||
| UT | X | X | X | X | |||
| VA | X | X | |||||
| WI | X | X | X | ||||
| * |
Credit for Taxes Paid = "No", Tax due shown on credit for other state taxes paid is PRE-PTE Credit
Credit for Taxes Paid = "Yes", tax due shown on credit for other state taxes paid is POST-PTE Credit.
CAUTION: We are conducting additional research with this topic. | ||||||
| ** | If matching EINs | ||||||
| Solution Id | 000264108/000264108 |
|---|---|
| Direct Link |
