See Dave(tax expert) below, but here is the summary;
If you entered a K1 in your federal return, there will be questions that will generate when you begin your California state Return. As you navigate through your state return:
- You will reach an entry that is entitled Partnership Schedule K-1 Summary. Select edit next to the K1. There will be some preliminary questions to enter.
- Then go to Partnership K-1 Adjustments. Continue past the first page, to go to the second page in the adjustments screen.
- In the second page, scroll to the section where it says credits and there will be a entry to make that says 15f-Form 3804-CR Pass-Through Entity Elective Tax Credit. This includes the AB 150 payment if you took the election.
