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Level 2
October 25, 2023
Solved

Where is the check box that makes the state of CA balance sheet the same as the federal balance sheet for S corps?

  • October 25, 2023
  • 1 reply
  • 5 views
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Best answer by George4Tacks

Because you have K-1 and there are state and fed differences, I believe there is no such entry. CA is becoming aggressive in tracking shareholder basis differences. 

1 reply

George4Tacks
Level 15
October 27, 2023

Because you have K-1 and there are state and fed differences, I believe there is no such entry. CA is becoming aggressive in tracking shareholder basis differences. 

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