what do i enter for Entity Level Tax for Partnerships and Tax-Option (S) Corporations

posted

Connect with an expert

1 Reply

what do i enter for Entity Level Tax for Partnerships and Tax-Option (S) Corporations

The California Entity Level Tax is 9.3% of the entity's qualified net income.

It's an optional tax used to reduce the taxes due from shareholders. You can read about it here.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post