Re: "Am I supposed to figure out 20 years of throwback rules?...

I got the same TT warning message saying Schedule J 541 is required. My trust is created in 2019, nor a foreign trust. Please confirm that I can ignore Schedule J 541. Thx.

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1 Best answer

Level 15

Mar 27, 2023 6:46:06 AM

See https://www.ftb.ca.gov/forms/2020/2020-541-j-instructions.html

You most likely do not have to prepare the schedule.

Level 15

Mar 27, 2023 6:46:06 AM

See https://www.ftb.ca.gov/forms/2020/2020-541-j-instructions.html

You most likely do not have to prepare the schedule.

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Re: "Am I supposed to figure out 20 years of throwback rules?...