NC PTET recording

Forum|Forum|3 years ago
March 14, 2023
1 reply
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Have an SCorp registered in NC, and single employee/owner that is 100% shareholder also lives in NC. There is W2 employment and shareholder distributions made during the prior year.

Going through TurboTax Business I checked the box to 'elect to be taxed at the entity' so I should see the tax come through to be paid and also have it present on the K1 and the new NC-PE form but I'm not seeing that occur here.

I see it calculated the tax itself for the payment due for this year on CD-401S, but I do not see that amount flowing through to the subsequent forms like the NC-PE and the K-1.

TurboTax Business Windows

AliciaP1

It would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue.

You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, here are the instructions:

At the top menu in the black line at the top of the page go to Online.

From the menu, select Send Tax File to Agent.
You will see a message explaining what the diagnostic copy is.  Click Send and then you will get a Token number.
Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

@sgtslaughter

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