MO-MS PTE: Pass-Through Entity Allocation and Apportionment of Income Schedule (2024)
Missouri · Missouri DOR · Used for tax years 2024
Form MO-MS PTE is Missouri’s 2024 Pass-Through Entity Allocation and Apportionment of Income Schedule, attached to Form MO-PTE. It reports the apportionment method and percentage and, when applicable, nonapportionable income and preliminary Missouri net income or loss.
Who files this form
The 2024 Form MO-MS PTE is a pass-through entity allocation and apportionment of income schedule used with Form MO-PTE.
Do not complete this schedule if all income is from Missouri sources.
What you'll need
Have the following information ready:
- The pass-through entity’s name, Missouri Tax I.D. Number, Charter Number, and Federal Employer I.D. Number.
- The beginning and ending dates of the taxable year.
- Missouri receipts and receipts everywhere if completing Part 1.
- Missouri miles and total miles if using Methods Three through Six.
- The balance from Form MO-PTE, Line 4, if completing the nonapportionable income calculation.
Attach a detailed explanation for nonapportionable income reported on Lines 5 and 7 for it to be considered. Method Seven also calls for a detailed explanation. For special methods, the form says to attach an explanation if directed.
How to file
- Select the apportionment method. For Method Two A, complete Part 1. For Methods Three through Six, complete the mileage information.
- In Part 1, divide Missouri receipts on Line 1 by receipts everywhere on Line 2 to calculate the receipts factor on Line 3.
- If you have no nonapportionable income, stop after Line 3 and enter that factor on Form MO-PTE, Line 5 Percent.
- If you have nonapportionable income, complete Lines 4 through 9. Subtract Line 5 from Line 4 and multiply by Line 3 to get Line 6. Add Lines 6 and 7 to get Line 8. Divide Line 8 by Line 4 and enter the result on Form MO-PTE, Line 5 Percent.
- Enter the selected method on Form MO-PTE, Line 5 Method.
Attach the schedule to Form MO-PTE and mail it to:
Missouri Department of Revenue
Taxation Division
P.O. Box 3080
Jefferson City, MO 65105-3080
Common mistakes
- Completing this schedule when all income is from Missouri sources. The form says not to complete it in that case.
- Continuing past Part 1, Line 3 when you have no nonapportionable income. The form says to stop there and transfer Line 3 to Form MO-PTE, Line 5 Percent.
- Leaving out the detailed explanations for nonapportionable income on Lines 5 and 7. The form requires these explanations for the income to be considered.
- Omitting mileage information when using Methods Three through Six.
- Forgetting to attach this schedule to Form MO-PTE.
Questions people ask
Should I complete this form if all income is from Missouri sources?
No. The form explicitly says not to complete it if all income is from Missouri sources.
How do I calculate the receipts factor?
Divide receipts in Missouri on Part 1, Line 1 by receipts everywhere on Line 2. Enter the result on Line 3.
What if I have no nonapportionable income?
Stop after Part 1, Line 3. Enter that amount on Form MO-PTE, Line 5 Percent.
Where can I get more information?
The form lists (573) 751-4541, pteincome@dor.mo.gov, and dor.mo.gov/faq/taxation/business/entity-tax.html for additional information.