PatriciaV
Expert Alumni

Get your taxes done using TurboTax

Your California S-Corp return includes a California Schedule K-1 for each shareholder. You can either include a copy of Form 3804 with the CA K-1, or manually enter the amount of PTET allocated to each shareholder on Sch K-1 Line 18e. This is the amount the shareholder would report on their Federal return as California taxes paid on their behalf.

 

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