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TT Home and Business: CA 540NR - Reporting CA Business Income
Hi,
I am filing as a California Non-Resident. In the TT interview section for CA 540NR, the screen for California Business Income and Loss, there is a Federal Adjusted number pre-populated by TT. For the California amount field, should I be using gross receipts for the total CA amount or an adjusted amount like the Federal Adjusted? If it is adjusted, would that be Ordinary Income (gross receipts - deductions) from Form 568 Line 23?
Appreciate any insight on this.
March 19, 2023
3:31 PM