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2026 SKILLS showcase
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Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen CAF - California Farm - Income (1065)
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Overview
Use this screen to complete the California version of federal Schedule F. UltraTax CS transfers all applicable Schedule F information, income, and deductions from the federal F screen to the boxes in this input screen.
UltraTax CS transfers total farm income to Schedule F using California amounts, which are then used to calculate Form 565, Page 1, lines 6 and 7 or Form 568, Page 3, Schedule B, lines 6 and 7. If the farm income is specially allocated, UltraTax CS transfers the amount to Form 565, Page 4 or 568, Page 5, Schedule K, line 11b / 11c, Total other income / Total other loss. Farm income (loss) will need to be re-allocated if specially allocated on the federal return.