No, it does not. Line 1 Column C of the K-1 does not show the grant adjustment.

Seems, based on the Proseries instruction, it does not even want you to have that adjustment under line 1 Column C of the K-1. Maybe, because the line 1 of Column C is "ordinary income/loss." Seems, it wants you to have it as a deduction on a separate line. Proseries says to enter the amount on the other deductions line 12e in the CA adjustment line which is Column C, I am assuming.  Now, when I do only that, it does not flow to the K-1 anywhere at all, but when I also enter the same amount on the other deductions line 12e under Column D as well ( total amount using CA law column), it flows to the K-1 but not to the line 1 Column C of the K-1, but it flows to the other deductions 11e of the K-1. The line 1 Column C of the K-1 does not reflect that. But maybe, that is the right way since this is a S Corp and maybe that is Ok to report it that way and makes sense ? However, Proseries is saying " the amount will be reported on the CA Schedule K, line 10b, column C". No, it does not show up there at all. 

Do you think calling Proseries would help or nah? 🙂