PTE-100: WV Income Tax Return S Corporation and Partnership (Pass Through Entity) (2024)
West Virginia · WV Tax Division · Used for tax years 2024
Form PTE-100 is West Virginia’s 2024 tax return for S corporations and partnerships. It reports West Virginia income, distributive income for resident and nonresident owners, nonresident withholding due, payments, credits, and any amount owed or overpaid.
Who files this form
The 2024 PTE-100 is West Virginia’s tax return for S corporations and partnerships, also called pass-through entities. The form covers both wholly West Virginia activity and multistate activity.
Taxpayers reporting more than 10 reportable entities or more than 10 shareholders/partners must file electronically.
What you'll need
- Federal return: Include Form 1120S for an S corporation or Form 1065 for a partnership. Schedule A also uses information from federal Schedule K.
- Entity information: Have the entity’s FEIN, WV account number, mailing address, tax period, and contact information ready.
- Shareholder/partner information: Schedule SP requires names, SSNs or FEINs, residency or filing categories, ownership percentages, WV distributive income, and withholding amounts.
- Reportable entities: Include all reportable entities from page 1, section 5, on Schedule D.
- Multistate income: Entities subject to tax in more than one state must complete and attach PTE-100APT.
- Credit documents, if applicable: Include the Tax Division-issued MV-1 for the WV Property Tax Motor Vehicle Credit and SB-1 for the WV Property Tax Small Business Credit. For credits reported on PTE-100TC, attach the summary and appropriate credit calculation schedules or forms, and complete an allocation schedule for each credit claimed. Keep WV NIPA-2 in your files rather than enclosing it.
- Qualified Opportunity Zone adjustment, if applicable: Include a copy of IRS Form 8996.
How to file
Complete the entity information and applicable return boxes. Use Schedules A and B to report income and adjustments, and complete Schedule SP for shareholders/partners. Include the federal return and other required attachments.
An officer, partner, or member must sign and date the return. The form also provides a paid preparer signature section.
Electronic filing: You must file electronically if you report more than 10 reportable entities or more than 10 shareholders/partners.
Mailing and checks: The form directs filers to make checks payable to and mail to:
West Virginia Tax Division
Tax Account Administration
PO Box 11751
Charleston, WV 25339-1751
Common mistakes
- Incorrect bank information: Review routing and account numbers carefully. The form warns that incorrect account information may result in a $15.00 returned payment charge.
- Missing multistate apportionment schedule: Failure to complete PTE-100APT, Schedule B results in 100% apportionment to West Virginia.
- Income totals that do not match: Total WV income on page 1, line 10 must match Schedule A, line 13.
- Missing Schedule SP: Schedule A states that you must complete Schedule SP.
- Missing credit attachments: Include required credit forms and schedules. The form specifically requires MV-1 for the motor vehicle credit and SB-1 for the small business credit.
- Claiming too much credit: PTE-100TC warns that the total credit cannot exceed the tax liability for that tax.
Questions people ask
Can I receive my refund by direct deposit?
Yes. The form has a direct deposit option for a checking or savings account and asks for your routing and account numbers.
Can I apply an overpayment to next year’s tax?
Yes. Enter the amount to apply to next year’s tax on line 25. Line 26 is the refund amount, calculated as line 24 minus line 25.
What if all of the entity’s activity is in West Virginia?
Schedule A directs wholly WV entities to go from line 7 to line 13 and enter the line 7 amount there. Schedule SP must still be completed.
Do I need to name a partnership representative?
If the partnership has not elected out of the centralized audit regime under IRC Section 6221(b), the form asks you to designate the state partnership representative or the federal partnership representative.
Do I need to attach WV NIPA-2 for the Neighborhood Investment Program Credit?
No. The form says you no longer need to enclose WV NIPA-2, but you must keep the schedule in your files.