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New Member
posted Feb 28, 2025 1:36:27 PM

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

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1 Replies
Expert Alumni
Feb 28, 2025 2:21:45 PM

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.

 

@norgalk