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Level 2
December 6, 2019
Solved

How to adjust foreign tax paid from an S corporation to California tax return?

  • December 6, 2019
  • 1 reply
  • 8 views

I imputed $170 of foreign tax paid by an S corporation on screen  27 - Other Schedule K Items. My California ending liabilities and equity is out of balance by the same amount of $170. How do I fix it.  Thank you.

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Best answer by George4Tacks

M-1 adjustment

1 reply

George4Tacks
Level 15
December 6, 2019

M-1 adjustment

Answers are easy. Questions are hard!