80-161: Tax Credit For Income Tax Paid By Electing PTE (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 80-161 reports Mississippi taxable income and taxes paid on your behalf by electing pass-through entities. It calculates the credit claimed for those taxes and any excess credit.
Who files this form
Form 80-161 is for claiming a Mississippi tax credit for income tax paid on your behalf by an electing pass-through entity. The form asks you to list each entity and the Mississippi taxable income and tax paid for you.
What you'll need
- Mississippi K-1s from electing pass-through entities. These must be attached to your return.
- Details for each entity: its name, FEIN, Mississippi taxable income, and the amount of tax paid on your behalf.
- Your applicable Mississippi return: Form 80-105, Form 80-205, or Form 81-110. You will need the total Mississippi income tax due from that return to complete line 4.
Common mistakes
- Forgetting the required K-1 attachments. The form says the Mississippi K-1s you received from electing pass-through entities must be attached to your return.
Questions people ask
How much credit do I enter on line 5?
Enter the lesser of line 3D, the total tax paid on your behalf by electing pass-through entities, or line 4, your total Mississippi income tax due.
Where do I find the income tax due for line 4?
Use Form 80-105, page 1, line 23; Form 80-205, page 1, line 25; or Form 81-110, page 1, line 5, whichever applies.
What if I need more room to list entities?
The form provides a supplemental page. Total columns C and D on the additional page or pages, and enter those totals on page 1, line 2. Add the line 1 and line 2 amounts to get the totals on line 3.
Where does the form say to report line 3D?
The form directs you to include line 3D on Form 80-105, page 1, line 26; Form 80-205, page 1, line 28; or Form 81-110, page 1, line 8.
How do I calculate excess credit?
Subtract line 5 from line 3D and enter the result on line 6.