1065N Sch PTET: Partner PTET Schedule (2025)
Nebraska · Nebraska DOR · Used for tax years 2025
Nebraska Form 1065N Schedule PTET reports a partnership’s Nebraska pass-through entity tax and PTET credits to be distributed. It lists each partner’s share by year for entry on Nebraska Schedule K-1N.
Who files this form
Use the 2025 Nebraska Schedule PTET only if the partnership elected to be subject to income tax or is distributing PTET credits it received.
Publicly traded partnerships cannot use this schedule. Complete the partner information for all partners.
What you'll need
Have these forms and details available:
- Form 1065N: the name and Nebraska ID number shown on the return, plus amounts from lines 6, 18, and 27e.
- 2025 Schedules K-1N: use these to determine the amounts by year for PTET credits received in 2025 to be distributed on line 3. Attach these schedules.
- Partner information: each partner’s name, SSN or FEIN, and percentage of income.
Common mistakes
- Do not use this schedule unless the partnership elected to be subject to income tax or is distributing PTET credits it received.
- Do not use this schedule for a publicly traded partnership.
- Do not leave out partners. The form says to complete the information for all partners.
- For line 3, use the 2025 Schedules K-1N to determine the amounts by year, and attach those schedules.
- Remember to enter the amounts from columns (D) through (I), along with the total, on Nebraska Schedule K-1N.
Questions people ask
Where do the amounts for lines 1 and 2 come from?
Line 1 is the 2025 Nebraska PTET from Form 1065N, line 6. Line 2 is the 2018 through 2022 Nebraska PTET from Form 1065N, line 18.
What goes on line 3?
Enter the PTET credit received in the 2025 tax year to be distributed, from Form 1065N, line 27e. Use the 2025 Schedules K-1N to determine the amount for each year, and attach those schedules.
Which years have separate partner-share columns?
Columns (D) through (I) cover 2018, 2019, 2020, 2021, 2022, and 2025, respectively.
How are the totals calculated?
Line 4 is the total of lines 1 through 3. For each partner, column (J) is the total of columns (D) through (I).