1120-SN Sch PTET: Shareholder PTET Schedule (2025)
Nebraska · Nebraska DOR · Used for tax years 2025
The 2025 Nebraska Form 1120-SN Schedule PTET reports an S corporation’s Nebraska pass-through entity tax and PTET credits to be distributed. It lists each shareholder’s ownership percentage and share of PTET for entry on Nebraska Schedule K-1N.
Who files this form
Use the 2025 Nebraska Form 1120-SN Schedule PTET only if the S corporation:
- Made an election to be subject to income tax, or
- Is distributing pass-through entity tax (PTET) credits it received.
Complete the shareholder information for all shareholders.
What you'll need
Have these forms and details available:
- Form 1120-SN: The name and Nebraska ID number, plus the amounts from line 6, line 18, and line 27e.
- 2025 Schedules K-1N: Use these to determine the PTET credits received that will be distributed for each year. Attach these schedules.
- Shareholder details: Each shareholder’s name, SSN or FEIN, and ownership percentage.
Common mistakes
- Do not use this schedule unless the S corporation elected to be subject to income tax or is distributing PTET credits it received.
- Do not leave out shareholders. The form says to complete the information for all shareholders.
- For line 3, use the 2025 Schedules K-1N to determine the amount for each year, and attach those schedules.
- Remember to enter the amounts from columns (D) through (I), plus the total, on Nebraska Schedule K-1N.
Questions people ask
Where do the amounts for lines 1 through 3 come from?
Line 1 uses the 2025 Nebraska PTET from Form 1120-SN, line 6. Line 2 uses the 2018 through 2022 Nebraska PTET from line 18. Line 3 uses the PTET credit received in the 2025 tax year to be distributed, from line 27e.
Which years have separate shareholder PTET columns?
Columns (D) through (I) cover 2018, 2019, 2020, 2021, 2022, and 2025, respectively.
How is each shareholder’s total calculated?
Column (J) is the total of columns (D) through (I).
Where do I report each shareholder’s share of PTET?
Enter the amounts from columns (D) through (I) and the total on Nebraska Schedule K-1N.