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California Adjustment to Federal Income in Form 100s not reflected in State K-1
Using TurboTax Business for filing Federal 1120S and California 100s for my S-corp. Have entered a State adjustment to Federal income on From 100s, Line 12 (other deductions). However, the adjustment is not being reflected in the State K-1 that the software is preparing for the shareholders. The income shown on State K-1 Box 1 is the income pre Line 12 deduction.
Is there a setting that I may have gotten wrong?
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‎September 21, 2024
9:06 PM