diff --git a/homeassistant/components/proxmoxve/common.py b/homeassistant/components/proxmoxve/common.py
index 32131808af7c..73dee442372a 100644
--- a/homeassistant/components/proxmoxve/common.py
+++ b/homeassistant/components/proxmoxve/common.py
@@ -3,7 +3,7 @@
 from collections.abc import Mapping
 from typing import Any
 
-from homeassistant.const import CONF_USERNAME
+from homeassistant.const import CONF_TOKEN, CONF_USERNAME
 
 from .const import AUTH_OTHER, CONF_AUTH_METHOD, CONF_REALM, CONF_TOKEN_ID
 
@@ -21,7 +21,7 @@ def sanitize_config_entry(input_data: Mapping[str, Any]) -> dict[str, Any]:
     data[CONF_REALM] = realm
     data[CONF_USERNAME] = f"{username}@{realm}"
 
-    if CONF_TOKEN_ID in data and "!" in data[CONF_TOKEN_ID]:
+    if data.get(CONF_TOKEN) and data.get(CONF_TOKEN_ID) and "!" in data[CONF_TOKEN_ID]:
         data[CONF_TOKEN_ID] = data[CONF_TOKEN_ID].split("!")[1]
 
     return data
diff --git a/tests/components/proxmoxve/test_config_flow.py b/tests/components/proxmoxve/test_config_flow.py
index a11c6637e571..3a6abc4c64ed 100644
--- a/tests/components/proxmoxve/test_config_flow.py
+++ b/tests/components/proxmoxve/test_config_flow.py
@@ -496,6 +496,11 @@ def sanitize_config_entry(data: dict[str, Any]) -> dict[str, Any]:
             MOCK_USER_AUTH_STEP_OTHER_TOKEN,
             MOCK_TEST_TOKEN_OTHER_CONFIG,
         ),
+        (
+            MOCK_USER_STEP_TOKEN,
+            MOCK_USER_AUTH_STEP_TOKEN_FULL_ID,
+            MOCK_TEST_TOKEN_CONFIG,
+        ),
     ],
 )
 @pytest.mark.usefixtures("mock_setup_entry")