California law adjustments (1041)
Onvio Tax makes adjustments to the California return for the following income and deductions according to FTB Publication 1001.
- Income from US obligations
- Municipal income from other states
- State income tax refund
- Railroad retirement benefits
- Social security benefits are not income
- Any taxes other than property taxes
- Domestic Production Activity Deduction (Form 8903)
- Basis differences
- Bonus depreciation
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