State tax filing

Hello Nexchap,

I'm in process of completing my CA state tax return. I sold shares of PTP, and successfully navigated the Federal return. CA is a non-conforming state and I do not think I have been adjusting State return each year for bonus depreciation, unless Turbo Tax has been doing this without my realizing (I use Easy Step and hadn't realized that I needed to make CA adjustments.  (See question 3 about this.)

 

 I realize you do not have familiarity with CA state returns, but perhaps you can give me guidance on these questions: 

 

1. My final K-1 is reporting Gain subject to Recapture as Ordinary Income as $50K (positive); and Adjusted for Bonus Depreciation Recapture Gaines $42K (positive).What number am I reporting on my CA returns? $8K; $42K; $58K; or $92K?

 

2. Same question for the Cumulative Adjustment to Basis. The Fed number is $-34K; the Bonus Adjustment number is $-24K. Do I use $-24K or some other number to make the Basis Calc which you outlined in a previous message.

 

3. Is there any way to make an adjustment for NOT having entered all the state numbers in during previous years? \

 

Thanks for your ongoing help!