The Department has extended the deadline to make a Pass-Through Entity Tax (PTET) election for tax year 2022 from January 2, 2024 to April 30, 2024. As a result, a tax year 2022 PTET election must be made by the later of the following dates:

• April 30, 2024, or
• The due date for filing the 2022 IA 1065 or 2022 IA 1120S, including extensions.

Making a PTET election. PTET elections for tax year 2022 are made by filing the 2022 PTET form on GovConnectIowa.