Intuit HelpIntuitGenerating CA Form 199 in the Corporate module of Lacerte
by Intuit• Updated 1 year ago
When preparing a Corporate (Form 1120) return where California is involved, you may need to generate CA Form 199.
Organizations with gross receipts normally less than or equal to $50,000 can fulfill their annual filing requirement using FTB 199N, California e-Postcard. FTB 199N is an electronic filing available only on the FTB’s website.
For more information, go to the FTB website and search for 199N.
To generate CA Form 199:
- Navigate to Screen 54.1, Homeowner's Associations and check the box  Homeowners association (Mandatory).
- Click on the section entitled California Homeowner's Assoc. (199)Â and fill out required information.
- Since Form 199 is for Exempt Organizations, make sure to check the box Exempt under section 23701t and enter gross receipts.  Alternatively, check the box Carry Form 1120 income/deductions to Form 199.
More like this
