MO-PTE: Pass-Through Entity Income Tax Return (2024)

Who files this form

Form MO-PTE is Missouri’s Pass-Through Entity Income Tax Return. The 2024 form lists two entity types: S corporation and partnership.

It includes an election for the entity to become an Affected Business Entity and consent to tax under Section 143.436, RSMo, for the tax period covered by the return. The form does not state a general mandatory filing rule.

What you'll need

Have the entity’s name, address, tax period, Missouri Tax I.D. number, federal employer I.D. number, and charter number ready.

Gather these records and attachments as applicable:

• Federal Schedule K-1s for members’ ownership percentages. Attach a Federal K-1 for each member making an opt-out election.
• Each member’s name, Social Security number or FEIN, nonresident status, opt-out status, membership percentage, and PTE tax credit information.
• MO-MS PTE if not all income is Missouri income.
• Schedule PTE-BD for the Missouri Business Income Deduction.
• Form MO-TC for tax credits.
• A copy of approved federal Form 7004 if claiming an approved federal extension.
• Payment information, including anticipated tax payments, approved overpayments applied from the previous year, and payments with Form MO-7004.
• For an amended return, tax paid with or after the original filing and the original or later-adjusted overpayment.

How to file

1. Enter the entity’s identifying information and tax period. Select the entity type and applicable boxes, including the Affected Business Entity election box if making that election.
2. Complete the income, adjustments, tax, payments, and refund or amount due sections. Attach the schedules and documents required for your entries.
3. Complete Part B for all members. Use an attachment if needed.
4. Complete the signature section. The signer must be authorized to make the entity’s election.
5. Mail the return to:

Missouri Department of Revenue

P.O. Box 3080

Jefferson City, MO 65105-3080

The supplied form does not provide e-filing instructions.

Common mistakes

• Not marking an address change. The form warns that mailings may go to the last address on file if you do not select the address change box.
• Leaving members off Part B. All members must be listed. Use an attachment if necessary.
• Missing opt-out attachments. Attach a Federal K-1 for each opt-out member.
• Not attaching an approved federal extension. If you select the approved federal extension box, attach a copy of Form 7004.
• Entering negative tax amounts. Line 10 must be zero if the calculation is negative, and Line 12 cannot be less than zero.
• Using the wrong precision for membership percentages. Use the percentages from Federal Schedule K-1s and round to two decimal places.

Questions people ask

What tax rate does the 2024 form use?

Line 10 multiplies Missouri net income on Line 9 by 4.8%. If the result is less than zero, enter zero.

What do I do if a member opts out?

Select the opt-out box on Page 1, attach a Federal K-1 for each opt-out member, and mark that member’s opt-out status in Part B.

Can I apply an overpayment to next year?

Yes. Line 21 lets you apply part or all of the overpayment on Line 20 to anticipated 2025 pass-through entity income tax. The refund on Line 23 is the overpayment minus the amount applied to 2025 and any trust fund donations.

Where does a member claim the PTE tax credit?

Part B, Column 6 identifies the member’s tax credit to be claimed on MO-1040, MO-1041, or MO-1120.

Where can I ask questions about this return?

The form lists (573) 751-4541 and pteincome@dor.mo.gov. It also points to dor.mo.gov/faq/taxation/business/entity-tax.html for additional information.

Official sources

• https://dor.mo.gov/forms/MO-PTE_2024.pdf