CT-PET Supplemental Attachment: CT-PET Supplemental Attachment (Revision)
Connecticut · Connecticut DRS · Used for tax years 2024
The 2024 CT-PET Supplemental Attachment provides additional space to report member information and allocate pass-through entity tax credits on the Connecticut Pass-Through Entity Tax Return. It records members’ income shares, tax and credit amounts, identifying information, and o
What you'll need
The attachment asks for the following information:
- The pass-through entity’s Federal Employer Identification Number (FEIN).
- Each member’s number, name, address, FEIN or Social Security number, and member type code.
- Each member’s distributive share and capital ownership percentages, entered as decimals in Part 4.
- The income, loss, distributive share, tax, and credit figures requested in Part 1, Schedule D.
The form does not list supporting documents to submit.
Common mistakes
- Using the wrong year’s form. This attachment is for tax year 2024. The form warns that submitting the correct year’s form is necessary to prevent processing delays.
- Including CM members in Part 1, Schedule D. Column A says not to include CM members.
- Completing Column E for other member types. Enter the total-income resident individual distributive share percentage for RI members only.
- Using the wrong percentage format in Part 4. Enter distributive share and capital ownership percentages as decimals.
Questions people ask
What information does this attachment cover?
It covers Part 1, Schedule D, Allocation of PE Tax Credit to Members, and Part 4, Member Information, for the 2024 Form CT-PET.
How do I calculate the PE income or loss subject to tax in Column G?
Add Column D, prorated Connecticut modified source income or loss, and Column F, the prorated resident portion of unsourced income.
How do I calculate the PE tax credit in Column I?
Multiply the pass-through entity tax in Column H by 87.5% (.875).
Where do the supplemental attachment totals go?
Total Columns C through I on the Supplemental Attachment Subtotal line. Enter the total of all supplemental attachments on Part 1, Schedule D, Line 6.