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March 23, 2023
Question

California 541Trust with K-1(565)

  • March 23, 2023
  • 1 reply
  • 0 views

I have a California adjustment to Federal Income reported on a California K-1(565).  TurboTax for Estates and Trusts doesn't ask about the California Adjustment.  Turbo Tax doesn't show FTB form 3801 side 2.  Help?

1 reply

March 31, 2023

California Trusts and Estates do not issue form 565.  Only partnerships do that.  Estates and trusts issue form 541.  So you need to be clear about which form you are entering.  The interface for the form 565 when you enter a partnership into the federal return will allow all the necessary adjustments to California income that are available on the form.

 

@Gam42 

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