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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
See also: 1040 California frequently asked questions
Overview
Use Screens CAK1 thru CAK1-7 to calculate the California K-1 Reconciliation Worksheets and Schedule CA (540) or Schedule CA (540NR). Amounts that appear in these screens automatically transfer from federal K1 screens or the state allocation spreadsheet. Use this screen to calculate Schedules CA (540), CA (540NR), P (540), and P (540NR).
Self-employment Earnings (Loss)
Information from federal data entry transfers to this screen. Enter the amounts from Schedule K-1, Column D, Total amounts using California law in this column. Fields in this column are used to calculate Columns B and C on Schedule CA (540), and Columns B, C, and D on Schedule CA (540NR).
Information from federal data entry transfers to this screen. Enter the amounts from Schedule K-1, Column D, Total amounts using California law in this column. Fields in this column are used to calculate Columns E on Schedule CA (540NR).
Withholding
Information from State income tax withheld (2018) on federal Screen K1-4 transfers to this field. This field is used only for basis and at-risk calculations. State income tax withholdings included on Form 540 or 540NR are calculated from federal data entry.
California withholding entered on federal Screen K1-4 defaults to being reported on Form 540, line 71 or Form 540NR, line 81.
The total California withholding attributable to the K1 activity must be entered on federal Screen K1-4 and must also be reported on Screen CAK1-4. If none of the withholding is attributable to Form 592-B or Form 593, no further data entry is necessary as long as the K1 activity has an EIN.
If some or all of the withholding amount is attributable to Form 592-B or Form 593, use Screen 592B or Screen 593 to enter the appropriate amount and the K1 unit number. After you enter that amount on Screen CA592B or Screen CA593, that amount transfers from Form 540, line 71 to line 73 or from Form 540NR, line 81 to line 83. The difference between the full amount entered on Screen K1-4 and the amounts accounted for via Screen CA592B or CA593 is included in the electronic record (along with the EIN of the pass-through entity) as K1 withholding.
It is no longer necessary to use Screen CAK1-4 to transfer Form 592-B or Form 593 withholding from one line to another.
Foreign Transactions
Information in this field transfers from federal data entry. An amount entered in this field is combined with all other gross receipts in the return to calculate Aggregate Gross Receipts. When Aggregate Gross Receipts is over a certain threshold, certain adjustments are required or disallowed on Schedule P (540) or Schedule P (540NR).
These fields are used only for the basis calculations for the Shareholder or Partner Basis Worksheets and Form 6198.
These fields are used only for the basis calculations for the California sources version of the Shareholder or Partner Basis Worksheets and Form 6198.
2018 UltraTax CS
