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California Schedule K-1 redesign.

California CPA • August, 2007 • FTB News

Transferring amounts from federal K-1s to California Schedule K-1s will soon be easier. The FTB is modifying California's Schedule K-1s (forms 100S, 565, 568, and 541) by reordering line items to make them similar to the line item order on federal Schedule K-1s. Instructions for K-1s will also include a new chart that cross-references the boxes and codes on the federal K-1s to the appropriate line items on the California K-1s.

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You can review the draft versions of the revised California K-1 at www.ftb.ca.gov, along with the new instructional chart.


COPYRIGHT 2007 California Society of Certified Public Accountants Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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