PatriciaV
Expert Alumni

State tax filing

The PTET Credit requires manual entry in TurboTax for Desktop using Forms Mode.

 

  1. Open your return and click the Forms icon in the TurboTax header.
  2. Click Open Form at the top of the left column.
  3. Enter 653. Then click "IT-653: Pass-Through Entity Tax Credit" in the drop-down. Use "Copy 1" if asked to name the form. This will open the form in the large window.
  4. Under Schedule A, enter the name (Col A), EIN (Col B), and PTET Credit Amount (Col C). If NYC tax was also paid, enter that amount in Col D.
  5. You can verify your entry flows to IT-201 Page 3-4 Line 71 as a payment against any state taxes owed on your return.
  6. When finished, click Step-by-Step in the header to return to the main screens.

If you are using the online version of TurboTax, see How do I switch from TurboTax Online to the TurboTax software?

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