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California Adjustment to Federal Income in Form 100s not reflected in State K-1

Using TurboTax Business for filing Federal 1120S and California 100s for my S-corp. Have entered a State adjustment to Federal income on From 100s, Line 12 (other deductions). However, the adjustment is not being reflected in the State K-1 that the software is preparing for the shareholders. The income shown on State K-1 Box 1 is the income pre Line 12 deduction.

 

Is there a setting that I may have gotten wrong?

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4 Replies

California Adjustment to Federal Income in Form 100s not reflected in State K-1

California Adjustment to Federal Income in Form 100s not reflected in State K-1

Already spent two hours with a support person. He could not find a solution. 

California Adjustment to Federal Income in Form 100s not reflected in State K-1

You might have to make an adjustment in Forms Mode, which you need to use with care.

 

I doubt anyone on the board can help you since they would need to be using the Business edition along with the California S corporation module.

California Adjustment to Federal Income in Form 100s not reflected in State K-1

The support person tried the Forms mode but it would not allow to overwrite the relevant numbers. He even deleted the entire State return and redid it  from scratch - didn't change a thing. 

If it's a bug in the software, the only remaining option seems to be to paper file :(

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