How to determine the California amount of Schedule K-1 income from partnerships

[ChelsiE2 · Accepted solution]

If the Partnership does business in California then your Schedule K-1 should have included a Schedule K-1 (565 or 568).  This form will show the California amounts.

If the Partnership does not do business in California but you are a resident there, then the entire amount of your Schedule K-1 income will be taxable by California.

[balibill1]

@TurboTaxChelsiE

I am a California resident. My fed 1065 K-1 has a State Schedule  various amounts for a dozen or so States including CA. i did not receive a  Form K-1 CA (565)) just the regular fed K-1. Putting aside any non-resident state filing issues....  do I need to do any adjustments in TT based on these CA state schedule numbers in my fed form 1065 K-1.  As you note as a CA resident it seems like I am liable for all income regardless.....   TT has a section on the CA state return for “partnership k-1 adjustments” from your “California Schedule K-1” but again since I didn’t actually receive a CA K-1 Form 565 (just the state Schedule on my 1065 k-1) do I just show no adjustments?  Thanks....