Other tax exempt income on California Schedule K, line 16b
Other tax-exempt income on the California Schedule K, line 16b calculates based on the total of the following amounts you enter in the California S corp return.
- Amounts you enter in theIncome on books not on returnstatement with codeKto transfer to Schedule K. This field is in the California Adjustments folder, on theMsscreen.
- Amounts you enter inOther tax-exempt incomein the California K1-3 screen.
