State tax filing
- Starting in March 2023, pass-through entities can elect to pay it's tax liabilities on behalf of it's individual partners, members, or shareholders for tax years beginning on or after January 1, 2022. This was retroactive for tax year 2022 returns.
- For taxable years beginning on or after January 1, 2023, an authorized person must file Form 740-PTET to make the election.
- For additional information, see the department's FAQ's.
In FORMS mode, under Open Form, type 'PT' and TurboTax should create the form.
