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2020 Tax Liability and Tax on Lump-Sum Distributions for California 560 Form

Where do I find the 2020 Tax Liability and Tax on Lump-Sum Distributions on my California 560 Form from 2020?  Based on the information I entered so far for 2021 in Turbo Tax Premiere, I owe some taxes to California.  Turbo Tax Premiere states that ..."To see if [I] qualify for an exception based on last year's tax, enter the following information from your 2020 California return.

 

-2020 Tax Liability   (line 111 of Form 560?  There are so many lines for taxes. )

-Tax on Lump-Sum Distributions (which line on Form 560? I'm unable to find the term "Lump Sum Distributions" on any part of Form 560)

-CA Income Tax Withheld (I found it on the form.)

-Excess CA SDI Withheld (I found it on the form.)

-2020 CA Adjusted Gross Income (AGI) (I found it on the form.)

 

Thank you.

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1 Reply
AmyC
Expert Alumni

2020 Tax Liability and Tax on Lump-Sum Distributions for California 560 Form

-Line 65 is tax liability - total tax

-Tax from Schedule G-1 and Form FTB 5870A If you received a qualified lump-sum distribution in 2020 and you were born before January 2, 1936, get California Schedule G-1, Tax on Lump-Sum Distributions, to figure your tax by special methods that may result in less tax and is on line 34. Chances are you were born after 1936 and this does not apply to you. Line 34 is also the starting point of your tax liability, then credits are added to reach your final liability on line 65.

 

 

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