Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Montana

FormPTE-k1-e2 e-file error

Error

Pass-Through withholding is zero. Withholding is required on all second-tier pass-through entities. Withholding is also required on all owners who are a foreign C Corporation, non-resident individual, trust or estate, or other non-resident entity that 1) has a distributive share of Montana income of $1,000 or more, 2) did not elect to be included in a composite tax return, and 3) did not have a valid Form PT-AGR on file.(FormPTE-K1-E2)

Cause

A Shareholder marked as a Domestic 2nd Tier Pass-Through entity doesn't have an amount on Schedule K-1, Part 5, Line 3b.

Solution

  1. In the
    Organizer
    , go to
    States
    .
  2. Select
    Montana
    , then
    Shareholder Information
    .
  3. For each Shareholder who has
    Domestic 2nd Tier Pass-Through Entity
     marked, complete the following.
    1. In
      Tax Forms
      , go to
      States
      , then select
      Montana
      .
    2. Select
      Schedule K-1
      , then the Shareholder's name.
    3. On
      Schedule K-1, Part 5, Line 3b
       enter NONE.
  4. Do a Full Recompute, recreate the electronic file, and resubmit the return.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close