Withholding scenarios
Same withholding reported via Form 592-B and Form 1099-MISC
If the same California withholding is reported to the taxpayer by Form 1099-MISC and 592-B, the preparer needs to decide which form to use for the purpose of reconciling the California electronic record. Based on data entry of California withholding on the federal screens, the simpler approach is to report the withholding by Form 1099-MISC. However, the California Franchise Tax Board (FTB) has noted that the California electronic record captures much of the detail of Form 592-B but very little detail from Form 1099-MISC.
Approach #1 — 1099-MISC — CAOthWH screen
A unit of the
CAOthWH
screen in the Payments folder is created for each occurrence of California withholding entered on the federal St Pmt
, B&D
, Income
, 1099-M
, C
, Rent
, F
, and 4835
screens. To report the withholding as attributable to 1099-MISC:- Select1099MISCfrom theAlternate Form codedropdown list on theCAOthWHscreen.
- Enter theCAZIP Code and theWithholdingamount on the screen.
- Don't enter any information from Form 592-B on the return.
Approach #2 — Form 592-B — the CA592B screen
To report the withholding as attributable to Form 592-B, enter complete information on the
CA592B
screen, including the withholding amount. On the CAOthWH
screen, make sure Alternate Form code
is blank.
note
When
Alternative Form code
is blank, no information from that unit of the CAOthWH
screen is included in the electronic record.
