Nebraska - Adding PTET Credit to Form 1120-SN
Desktop · Written guide Content date 1 min read
To add the passthrough entity tax to the Nebraska S corp return (Form 1120-SN), follow these steps:
1. From the NE 1120-SN Menu select:
- Heading Information
- Electing or previous elected for Neb. Reb. Stat. section 77-2734.01(8) - Select Yes.
2. From the NE 1120-SN Menu:
- Select Schedule K-1.
- Select a shareholder receiving the PTET credit.
- Shareholder's Share of Credits
- PTET credit
- 20xx PTET Credit - Enter the amount of credit for the appropriate year.
Additional Information: