How do I prepare Indiana Schedule PTET with an 1120S return type using 2023 worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

  • Article Type:
  • How To
  • Last Modified:
  • 02/16/2024

Objectives

Generate and populate Indiana Schedule PTET for an S Corporation return.

Environment

  • CCH® ProSystem fx® Tax
  • CCH Axcess™ Tax
  • S Corporation – 1120S
  • Worksheet View – WSV
  • Indiana - IN
  • Pass-through Entity Tax – PTET

Procedure

Two minimum input are required to prepare the Sch PTET: 

  1. Common State > State PTE Generation worksheet, line Indiana under column Generate State PTE return.
  2. Indiana > Other worksheet > section Indiana Composite Return and Nonresident Tax Withholding > grid Composite Return and Nonresident Shareholder Tax Withheld, row Shareholder number.
  3. (Optional) Indiana > Other worksheet > grid Composite Return and Nonresident Shareholder Tax Withheld, enter applicable shareholder numbers and Include Partner on Schedule PTET column, are defaulted as Yes.
  4. (Optional) Federal > Shareholders > Shareholder Information worksheet > State Residency Code column.
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