I have entered the Publicly Traded MLP sale data into my Federal Return (using the form sent by the MLP). Since my state is non-conforming, I need to make an adjustment to Ordinary Income as the State Amount is different from the Federal Amount.
I have entered the correct California Amount for Ordinary Income in the CA K-1 Part II Line 9 A. But I don’t see that the value transfers anywhere in my State TT.
To make the math work correctly, I have entered the difference between the two amounts on line 14 of CA Sales of Business Property. That deducts the correct amount from Part II Line 10 - Gain/Loss Amount and then the right amount is subtracted from the Federal PTP Ordinary Income Amount on Schedule CA Line 14.
Is this a correct (reasonable) way of getting the right data into the return? I don’t see another way of entering the difference between the two values and reducing the amount of Ordinary Gain that is carried over from my Federal 1040 to reflect the State Amount.
