Screen CAK1 - California Schedule K-1, 1065/1041 - Income (1120)

Overview

Use this screen to enter data from the client’s California partnership or trust Schedule K-1. Amounts that appear in the CAK1 screen are transferred from the federal K1 screen. It's important to report any state-related law differences and details in the CAK1 screen.

General Information

Information that appears in this section transfers from the federal K1 screen.

Income

Use this section to enter information from the income section of California Schedule K-1.
note
Section 1202 treatment isn't applicable to California; it is reported as long-term capital gain.

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