Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

California nonresident k-1 worksheet for Partnerships - Form 565

joetax1
Level 1

I have a taxpayer who is an attorney (PA resident) where his firm has several offices in various states. He received a Schedule k-1 from the partnership for California source income.  I am entering the amounts from the CA k-1 into ProSeries  Form 565 - Schedule k-1 worksheet-partnerships.  My question is what amount do I enter on line 1 (d)  ordinary income in the column that reads "CA income, if different". The k-1 for CA page 2 has 4 columns for ordinary income; Federal k-1 amount ($25,000); CA adjustments ($10,000); Total using CA law ($35,000); CA source income ($7,500).  I entered in line 1 column (d) the $35,000 amount (total using CA law).  I did not think the CA source income ($7,500) should be entered on this line.

I need someone to confirm that my thinking is correct. Thank you for your assistance.

JoeTax

   

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here