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Screen CAK1T-2 - California Schedule K-1, Estates and Trusts - Page 2 (1040)

Overview

Use this screen to calculate Schedules CA and P. Amounts that appear in CAK1T-2 Screen are automatically transferred from federal K1T-2 Screen or the state allocation spreadsheet and K1-St. The data transferred depends on the residency status of the return and the method of federal data entry.
Resident returns
California State, if different amounts transfer to the
Total Sources
 fields if present. If there are no California State, if different amounts entered, the federal amounts transfer.
California Sources
 fields are not applicable to a resident return.
Part-year resident and nonresident returns
When K1T data is entered without using the state allocation worksheet, California State, if different amounts transfer to the
Total Sources
 and
California Sources
 fields if present. Blank
State, if different
 fields default to transferring the federal information to the
Total Sources
 column. Blank
State, if different
 fields will also default to transferring the federal information to the
California Sources
 column only when the postal code of the activity is CA.
For K1T data that has been entered using the state allocation spreadsheet, amounts entered in the
California - Total sources
 column transfer to the
Total Sources
 fields. For part-year and nonresident returns, amounts entered in the
California - CA sources
 column transfer to the
California Sources
 fields. Blank
California - Total sources
 column amounts default to federal amounts. Blank
California - CA sources
 column amounts default to
California - Total sources
 column amounts.

Final Year Deductions, AMT Items, and Other Information

Total sources:
Information from federal data entry transfers to this screen. Be sure to enter the amounts from Schedule K-1, Column D, Total amounts using California law in this column. Fields in this column are used to calculate Columns B and C on Schedule CA (540) and Columns B, C, and D on Schedule CA (540NR).
California sources:
Information that appears in the California sources column transfers to this screen from federal data entry. Be sure to enter amounts from Schedule K-1, Column E, California sources amounts and credits, adjusted as necessary per state law. Fields in this column are used to calculate Column E on Schedule CA (540NR).
Enter an amount only if needed to calculate Aggregate Gross Receipts. An amount entered here is combined with all other gross receipts in the return to calculate Aggregate Gross receipts for the adjustment required on Schedules P (540) and (540NR). Information in this field does not transfer from federal data entry.

Additional Information

California withholding entered on federal K1T-2 Screen defaults to being reported on Form 540, line 71 or Form 540NR, line 81.
The total California withholding attributable to the K1T activity must be entered on federal K1T-2 Screen and must also be reported here on CAK1T-2 Screen. If none of the withholding is attributable to Form 592-B or Form 593, no further data entry is necessary as long as the EIN for the K1T activity has been entered.
If some or all of the withholding amount is attributable to Form 592-B or Form 593, use 592B Screen or 593 Screen to enter the appropriate amount and the K1T unit number. Upon data entry of that amount on CA592B Screen or CA593 Screen, that amount will transfer from Form 540, line 71 to line 73 or from Form 540NR, line 81 to line 83. The difference between the full amount entered on K1T-2 Screen and the amounts accounted for via CA592B Screen or CA593 Screen is included in the electronic record (along with the EIN of the pass-through entity) as K1T withholding.
It is no longer necessary to use CAK1T-2 Screen to transfer Form 592-B or Form 593 withholding from one line to another.
Enter the credit amount to be used to calculate the Code 242 Pass-Through Entity Elective Tax Credit to report on Schedule P(540/540NR).
Related information from each K-1T activity is also reported on Form 3804-CR as supporting documentation. If claiming the credit, enter the federal EIN on CAK1T Screen to be included on Form 3804-CR.
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