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Level 4
April 5, 2023
Question

AB150

  • April 5, 2023
  • 1 reply
  • 13 views

Should payments made for AB150 be inputted into the "Estimated Taxes Paid" section of TT for California Tax Return?

1 reply

MaryK4
Level 15
April 5, 2023

You should enter in the K-1: Line 15 - Credits and Withholding for Partnerships (Code f)  and Line 13 - Credits and Withholding for S Corps (Code d).  

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Level 4
April 5, 2023

To clarify, do you mean line 15f "OR" 13d depending on Partnership or S Corp on CA540 return and "NOT" be inputted to Estimated Taxes Paid section?...  Thank you.

DawnC
Level 15
April 5, 2023

Yes.   line 15 (f) OR 13 (d) depending on whether it is a S-corp or Partnership.   TurboTax will apply the payment from that entry.  

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