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Screen CAComp - California Composite Group Nonresident Return (1120)

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Overview

Use this screen to complete Forms 540NR, California Nonresident or Part-Year Resident Income Tax Return (for group nonresident filers); Form 3864, Group Nonresident Return Election; Schedule 1067A, Nonresident Group Return Schedule; and the CA Composite Return Income Worksheet.
note
To access this input screen for an S corporation client, select File, Client Properties, California tab and then mark the
540NR Composite
 checkbox.

Income

Taxable income included in group nonresident return (Force)
The application calculates the taxable income included in the group nonresident return based on the distributive share of income items for those shareholders included in the composite filing. Enter an amount here to override the calculated amount. If you force the amount of taxable income included in the group nonresident return, you'll need to also force the taxable income not included in the group nonresident return.
Electing nonresident directors included in group nonresident return
Use the statement to enter detail for electing nonresident directors included in the group nonresident return. The application calculates the net tax for the nonresident directors entered in this statement, and completes Schedule 1067A, Part III with this information.
Enter
X
 in the
Subject to mental health services tax
column if the director has combined California taxable income over $1 million from all composite return sources. The application uses this information to calculate the additional one percent mental health tax on the
entire
California taxable income. For more information, see CA FTB Publication 1067.

Sale or Exchange of Section 179 Property

Gain (loss) reported separately from California Schedule K, line 17d (Force)
The California Franchise Tax Board requires S Corporations to separately report to shareholders the sale, exchange, or other disposition of assets where a Section 179 expense deduction was claimed in a prior year. These asset dispositions are no longer reported on Schedule D-1, or Forms 3805E, 4684, or 8824, but instead are separately reported on Form 100S, Schedule K, line 17d and in the Schedule K-1 statements. The gain or loss on the disposition of Section 179 assets is calculated from information entered in the CASalePT screen and the CA8824PT screen in the Income and activities folders, and the CAK1Sale and CA8824 screens in the K1 1065, 1041 folder.
The application reduces the basis of the asset by the amount of the Section 179 deduction when calculating the gain or loss. This amount is included on line 5 of the CA 540NR Composite Return Income Worksheet.
A Not Required statement prints detailing this amount. Use this to override the calculated amount. If
0
 (zero) is entered, no adjustment will be made.

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