Schedule CT-PE: Pass-Through Entity Tax Credit (2024)
Connecticut · Connecticut DRS · Used for tax years 2024
Schedule CT-PE calculates your total 2024 Connecticut pass-through entity tax credit. It lists the identifying number of each pass-through entity, trust, or estate and the credit amount allocated to you.
Who files this form
Use 2024 Schedule CT-PE to report pass-through entity tax credits allocated to you and reported on Schedule CT K-1 or Schedule CT-1041 K-1. The schedule includes instructions for individuals, trusts, and estates.
You must attach Schedule CT-PE to your return when claiming the credit, or the credit will be disallowed.
What you'll need
- Schedule CT K-1, Part 3, Line 1, or Schedule CT-1041 K-1, Part 4, showing the credit allocated to you.
- The federal employer identification number (FEIN) of each pass-through entity, or of the trust or estate reporting the credit.
- Your name and Social Security number, plus your spouse’s information if filing jointly. Trusts and estates enter their name and FEIN instead.
- Additional sheets if you need more room to list credits.
How to file
- Complete the schedule in blue or black ink. Use the 2024 form for the 2024 tax year.
- On Lines 1a through 1e, enter each entity’s FEIN in Column A and the credit allocated to you in Column B. For a credit reported by a trust or estate, use that trust’s or estate’s FEIN.
- If you need additional sheets, attach them and enter their total credits on Line 1f.
- Add Lines 1a through 1f, Column B, and enter the total on Line 1.
- Transfer the total to your 2024 return: Form CT-1040, Line 20c; Form CT-1040NR/PY, Line 22b; or Form CT-1040X, Line 22c. Trusts and estates use the total to complete Form CT-1041 and Schedule CT-1041FA, Part 2.
- Attach Schedule CT-PE to your return. Do not use staples.
The supplied text does not give a mailing address or e-filing instructions.
Common mistakes
- Leaving out the schedule: The credit will be disallowed if Schedule CT-PE is not attached to your return.
- Using the wrong year’s form: The form warns that submitting the correct year’s form helps prevent processing delays.
- Using another ink color: Complete the form in blue or black ink only.
- Stapling the form: The form says not to use staples.
Questions people ask
Where do I find the credit amount to enter?
Use the amount reported on Schedule CT K-1, Part 3, Line 1, or Schedule CT-1041 K-1, Part 4.
What if I have more credits than the schedule has room for?
Attach additional sheets and enter the total credits from those sheets on Line 1f.
Whose FEIN do I enter for a credit received through a trust or estate?
If Schedule CT-1041 K-1 reports the credit, enter the FEIN of the trust or estate.
How do trusts and estates use the total credit?
Trusts and estates use the amount on Line 1 to complete Form CT-1041 and Schedule CT-1041FA, Part 2.