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Aggregate gross receipts (Schedule P) calculation

Gross income from all business and nonbusiness sources is included in Aggregate Gross Receipts (AGR). The test is applied to income from all sources. For part-year and nonresident returns, the test is applied to income from total sources (not California sources only).

Calculation

  • The AGR is automatically calculated for every return and a Not Required statement will print, which lists the income sources.
  • If the AGR calculates to less than $1,000,000, a 2nd statement is printed, which lists the taxable income from trades or businesses that's eligible to be excluded from Schedule P, Page 1 income.
  • For part-year and nonresident returns, a 3rd statement is printed, listing taxable trade or business income from only California sources that's eligible to be excluded from Schedule P, Page 2 income.
  • All exclusion and preference items are automatically excluded from the calculation of Schedule P, Page 1, and Schedule P (540NR), Pages 1 and 2.
  • The calculated AMTI exclusion is displayed on Schedule P, Page 1, and Schedule P (540NR), Pages 1 and 2.
To force the return to meet or fail the Aggregate Gross Receipts test, use
Meets aggregate gross receipts test
(Force)
 on the
CAAMT
 screen. An entry here includes or excludes all adjustments, preferences, and AMTI excludable income on the return. The statement detail of the calculation no longer prints. Adjustments, preferences, and AMTI exclusions may be forced to be different from the calculated amounts on a field-by-field basis using the
Force
 fields on the
CAAMT
 screen.
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