California Schedule K-1, column E
The California instructions do not include specific direction as to when to complete Column E of Schedule K-1. Therefore, UltraTax CS completes Column E of Schedule K-1 for all shareholders. To suppress Column E of Schedule K-1 from printing for resident shareholders:
- SelectSetup, then1120 Corporation.
- Go to theCaliforniatab, and mark theSuppress the completion of Schedule K-1 (100S) Column e, California Source Amounts and Credits for California resident shareholderscheckbox.
Per the Schedule K-1 (100S) shareholder instructions, shareholders who are California residents will use amounts shown in column (d) because California resident individuals are subject to personal income tax on all income from whatever source derived (R&TC Section 17041).
