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Generating Form 592-B nonresidential withholding tax statement in ProConnect

by ProConnect Tax Online Updated 1 year ago

In order to generate Form 592-B in ProConnect, follow the steps below for the return-type respective to your client's filing needs.

  1. From Schedule K-1, go to Schedule K-1 Miscellaneous.
  2. Select the appropriate Partner from the left navigation panel.
  3. Scroll down to the California Nonresident Withholding Tax Statement (Form 592-B) section.
  4. Enter Income Subject to Withholding for each applicable quarter.
  5. Enter Amounts Withheld for each applicable quarter.

Note: If Form 592-B is not generating after completing the above steps:

  1. Go to California Schedule K.
  2. Remove any entry in Total Withholding [O], under the Credits section.
  1. Go to California Schedule K-1.
  2. Select the appropriate Shareholder from the left navigation panel.
  3. Scroll down to the Nonresident Withholding Tax Statement (Form 592-B) section.
  4. Enter the appropriate Income for each quarter.
  5. Enter the appropriate Withholding for each quarter.

Note: If Form 592-B is not generating:

  1. Go to California Nonresident W/H - Form 592.
  2. Remove the entry in Suppress: 1 = Form 592, 2 = Form 592-B, 3 = both.

When filing Form 592, the withholding agent is no longer required to submit a Form 592-B to the FTB for each payee. Withholding agents must provide the recipients with paper Forms 592-B showing the total amount withheld for the year for their individual returns.

Form 592 Qtrly (Quarterly Nonresident Withholding Statement) is used to remit withholding payments during the year.

Form 592-A (Foreign Partner or Member Quarterly Withholding Remittance Statement) for foreign partner payments.

Distribution of Form 592-B:

  • Copy A - Retained by withholding agent.
  • Copy B - Provide to the recipient to file with their state return.

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