topic Pass Through Entity Tax credit (virginia VK-1) from LLC to Trust in After you file

Pass Through Entity Tax credit (virginia VK-1) from LLC to Trust

no-name1 — Wed, 18 Feb 2026 17:36:01 GMT

In TT Business desktop for a Trust there is no place to enter the Virginia Tax Credit (PTET) listed in the VK-1 from the LLC to the Trust, page 2 Part III (refundable credits) #10 either in Easy Step or Forms. AND when I search for Virginia Schedule CR in Forms for the Virginia return, it is blank.

Re: Pass Through Entity Tax credit (virginia VK-1) from LLC to Trust

DaveF1006 — Wed, 18 Feb 2026 20:33:46 GMT

It depends. For fiduciary returns (Form 770), refundable credits like the PTET often need to be recorded on a worksheet before they appear on the main form.

Switch to Forms Mode (click the Forms icon in the top right).
In the list of Virginia forms on the left, look for the Tax Payments Worksheet.
Look for a line labeled "Other state tax withholding" or "Refundable Credits." * If you find a line for PTET specifically, enter it there. If not, entering it as "Other State Withholding" usually forces the amount to flow to Form 770, Line 19.

Alternately, you can manually create Schedule CR.

In Forms Mode, click Open Form at the top of the forms list.
Search for "Schedule CR".
Select it and click Open.
Once open, scroll to Section 3 (Refundable Credits).
Look for Part 6, Line 6a: Pass-Through Entity Elective Tax Payment Credit.
Manually enter the amount from your VK-1, Part III, Line 10 here.

Verify the Flow to Form 770

After entering the credit in Schedule CR:
Open Form 770 (Virginia Fiduciary Income Tax Return).
Check Line 19 (Total payments and credits). The amount from Schedule CR should now be included in this total.

Re: Pass Through Entity Tax credit (virginia VK-1) from LLC to Trust

no-name1 — Mon, 23 Feb 2026 23:56:00 GMT

Thanks for taking the time to reply. None of the suggestions worked, but I figured out how to do it in the event someone else has a Trust that received a PTET credit from a LLC for Virginia taxes. The only way to do it is to go to Forms for Virginia Fiduciary Return (770). In Schedule 1 Line n you enter the credit. Later when it's time to file you are prompted to attach a pdf copy of Virginia's Form 502 Schedule VK-1 from the LLC which shows the credit to the Trust member in on page 2 Part III line 10.

There is no Form CR when you search for available forms for Virginia in TT for Business.