Form PTE-C print requirements for shareholders

To print and calculate Form PTE-C, Alabama Pass-Through Entity Composite Return, on an 1120S corporation return:

the federal return type must be an 1120S,

there needs to be at least one nonresident shareholder,

and the composite return needs to be elected.

To activate Form PTE-C:

Go to Organizer
, States
, Alabama
folder.

Select Return Options
, go to Compute Options
, and select Activate Form PTE-C
.

To enter nonresident shareholder information:

Go to Organizer
and select States
.

elect Alabama
then Shareholder Information
.

Select the drilldown arrow drill down

on the Nonresident
line.

Go to the Address Information
section if the shareholder is domestic.

Go to the US Address of Shareholder
section and select a state other than Alabama in the State of Residency
field.

Do a full recompute and print.

The tax computed is from amounts on the nonresident Schedule K-1s.

This article applies to: