Get Ca Ftb 100s Schedule K-1 2024-2025

This guide provides a comprehensive overview of how to accurately complete the CA FTB 100S Schedule K-1 online. Whether you are a shareholder of an S corporation or assisting someone else, this guide aims to simplify the process.

Follow the steps to fill out your CA FTB 100S Schedule K-1

1. Click ‘Get Form’ button to obtain the form and open it for completion.
2. Enter the taxable year at the top of the form. Specify either the calendar year or the fiscal year by filling in the corresponding dates.
3. Provide the shareholder’s name, identifying number, and complete address, ensuring all details are correct.
4. List the corporation’s details, including the Federal Employer Identification Number (FEIN), corporation number, and address. This ensures accurate identification of the corporation involved.
5. Fill out section A with the current year allocation percentage for the shareholder. This percentage determines the allocation of income or losses.
6. Complete section B by entering the number of shares owned by the shareholder at both the beginning and the end of the year.
7. In section C, indicate any loans from the shareholder by reporting the amounts at both the beginning and end of the year.
8. Check the appropriate box in section E if this is a final or amended Schedule K-1.
9. Identify the type of entity of the shareholder in section F, selecting from the available options, and provide the responsible individual’s name and taxpayer identification number (TIN) if applicable.
10. Indicate whether the shareholder is a resident of California by selecting 'Yes' or 'No' in section G.
11. Proceed to report the income, deductions, and credits by completing the detailed sections on both sides of the K-1 form, ensuring all amounts are accurate and correspond to federal reporting.
12. Review the calculations for any additional adjustments or credits required by California law as outlined in sections indicating California adjustments.
13. Once all sections are completed, save changes, and you may choose to download, print, or share the completed form as needed.

Complete your CA FTB 100S Schedule K-1 online today for accurate and efficient filing.