California California S Corporation Franchise or Income Tax Return

California S Corporation Franchise or Income Tax Return
2023 Form 100S California S Corporation Franchise or Income Tax Return
TAXABLE YEAR

2023

California S Corporation
Franchise or Income Tax Return

For calendar year 2023 or fiscal year beginning

FORM

100S

and ending
(m m / d d / y

y

y

y)

Corporation name

RP

.
(m m / d d / y

y

y

California corporation number

Additional information. See instructions.

y)
FEIN

California Secretary of State file number

Street address (suite/room no.)

PMB no.

City (if the corporation has a foreign address, see instructions.)

State

Foreign country name

ZIP code

Foreign province/state/county

Foreign postal code

Schedule Q Questions (continued on Side 3)
A 1. FINAL RETURN?

• □ Dissolved □ Surrendered (withdrawn) □ Merged/Reorganized □ IRC Section 338 sale □ QSub election
Enter date (mm/dd/yyyy) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 

□ Yes □ No

2. Is the S corporation deferring any income from the disposition of assets? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 
If “Yes” enter the year of disposition (yyyy) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 
3. Is the S corporation reporting previously deferred income from:

• □ Installment sale • □ IRC §1031 • □ IRC §1033 • □ Other

B 1. During this taxable year, did this corporation or any of its subsidiaries acquire control or majority ownership (more than
a 50% interest) in another legal entity?
If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of 35
years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes. . . ●
2. During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50%
interest) of this corporation or any of its subsidiaries?
If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of 35
years or more, or lease such property from a government agency for any term?
If yes to both questions, answer yes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ●

State Adjustments

3. Has California real property (i.e., land, buildings) transferred to the corporation that was excluded from property tax
reassessment under Revenue and Taxation Code Section 62(a)(2)?
If yes, during this taxable year, has more than 50% of the voting stock of this corporation cumulatively transferred in one
or more transactions and it was not reported on a previous year's tax return? If yes to both questions, answer yes. . . . . ●
(Yes requires filing of BOE-100-B statement, penalties may apply – see instructions.)

□ Yes □ No
□ Yes □ No
□ Yes □ No

1 Ordinary income (loss) from trade or business activities from Schedule F (Form 100S, Side 4), line 22 or
federal Form 1120-S, line 22. If Schedule F (Form 100S, Side 4) was not completed, attach federal
Form 1120-S, page 1, and supporting schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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1

00

2 Foreign or domestic tax based on income or profits and California franchise or income tax deducted . . . . . . . . .

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2

00

3 Interest on government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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3

00

4 Net capital gain from Schedule D (100S), Section A & Section B. Attach Schedule D (100S). See instructions . . .

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4

00

5 Depreciation and amortization adjustments. Attach Schedule B (100S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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5

00

6 Portfolio income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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6

00

7 Other additions. Attach schedule(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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7

00

8 Total. Add line 1 through line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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8

00

3611233

Form 100S 2023

Side 1

State Adjustments (cont.)
CA Net Income
Taxes
Payments

9 Dividends received deduction. Attach Schedule H (100S) . . . . . . . . . . . . . .

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9

00

10 Water’s-edge dividend deduction. Attach Schedule H (100S) . . . . . . . . . . . .

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00

11 Charitable contributions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . .

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11

00

12 Other deductions. Attach schedule(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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12

00

13 Total. Add line 9 through line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Net income (loss) after state adjustments. Subtract line 13 from Side 1, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . .

●
●

13
14

00
00

15 Net income (loss) for state purposes. Use Schedule R if apportioning or allocating income . . . . . . . . . . . . . . . . .

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15

00

16 R&TC Section 23802(e) deduction. See instructions . . . . . . . . . . . . . . . . . .

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16

00

17 Net operating loss (NOL) deduction. See instructions . . . . . . . . . . . . . . . . .

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17

00

18 EZ, TTA, or LAMBRA NOL carryover deduction. See instructions . . . . . . . . .

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18

00

19 Disaster loss deduction. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . .

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19

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20

00

21 Tax. ______% x line 20 (at least minimum franchise tax, if applicable). See instructions . . . . . . . . . . . . . . . . . . .

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21

00

22 Credit name ___________________ code ● __ __ __ amount. . . . . . . . . . ▶ 22

00

23 Credit name ___________________ code ● __ __ __ amount. . . . . . . . . . ▶ 23

00

24 To claim more than two credits, see instructions . . . . . . . . . . . . . . . . . . . . .

00

●

24

25 Add line 22 through line 24. Attach Schedule C (100S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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25

00

26 Balance. Subtract line 25 from line 21 (not less than minimum franchise tax plus QSub annual tax(es), if applicable)

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26

00

27 Tax from Schedule D (100S). Attach Schedule D (100S). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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27

00

28 Excess net passive income tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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28

00

29 Pass-through entity elective tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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29

00

30 Total tax. Add line 26 through line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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30

00

31 Overpayment from prior year allowed as a credit . . . . . . . . . . . . . . . . . . . . .

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31

00

32 2023 Estimated tax/QSub payments. See instructions . . . . . . . . . . . . . . . .

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32

00

33 2023 Withholding (Forms 592-B and/or 593). See instructions . . . . . . . . . .

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33

00

34 Amount paid with extension of time to file tax return . . . . . . . . . . . . . . . . . .

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34

00

35 Amounts paid for pass-through entity elective tax . . . . . . . . . . . . . . . . . . . .

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35

36

00

36 Total payments. Add line 31 through line 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37 Use tax. This is not a total line. See instructions . . . . . . . . . . . . . . . . . . . .

Refund or Amount Due

00

20 Net income for tax purposes. Combine line 16 through line 19. Subtract the result from line 15 . . . . . . . . . . . . . .

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37

00
●

00

38 Payments balance. If line 36 is more than line 37, subtract line 37 from line 36 . . . . . . . . . . . . . . . . . . . . . . . . . .

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38

00

39 Use tax balance. If line 37 is more than line 36, subtract line 36 from line 37 . . . . . . . . . . . . . . . . . . . . . . . . . . .

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39

00

40 Franchise or income tax due. If line 30 is more than line 38, subtract line 38 from line 30 . . . . . . . . . . . . . . . . .

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40

00

41 Overpayment. If line 38 is more than line 30, subtract line 30 from line 38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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41

00

42 Amount of line 41 to be credited to 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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42

00

43 Refund. Subtract line 42 from line 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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43

00

•

44a

00

45

00

See instructions to have the refund directly deposited.

43a.

• Routing number

• Checking
• Savings

43b.

• Type

43c.

• Account number

44 a Penalties and interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•□

Check if estimate penalty computed using Exception B or C on form FTB 5806. See instructions.
b
45 Total amount due. Add line 39, line 40, line 42, and line 44a. Then, subtract line 41 from the result . . . . . . . . . .

Side 2

Form 100S 2023

3612233

Schedule Q Questions (continued from Side 1)
C Principal business activity code. Do not leave blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• 
Business activity _____________________________________ Product or service___________________________________
D Is this S corporation filing on a water’s-edge basis pursuant to R&TC Sections 25110 and 25113 for the current taxable year? . . . . ● □ Yes

E Does this tax return include Qualified Subchapter S Subsidiaries? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ● □ Yes
F

Date incorporated (mm/dd/yyyy)

Where: • State

□ No
□ No

Country______________________________________

G Maximum number of shareholders in the S corporation at any time during the year. Do not leave blank . . . . . . . . . •_________________________
H Date business began in California or date income was first derived from California sources (mm/dd/yyyy) . . . . . . . . . . •
I

Was the S corporation an inactive business both within and outside of California during the taxable year? . . . . . . . . . . . . . . . . . . .

J

Is the S corporation under audit by the IRS or has it been audited in a prior year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• □ Yes □ No
• □ Yes □ No

K Effective date of federal S election (mm/dd/yyyy) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
L

Accounting method . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • (1)

□

Cash

(2)

□

Accrual

(3)

□

Other

M Location of principal accounting records _______________________________________________________

N “Doing business as’’ (DBA) name. See instructions . . . . . . . . . . . . . . . . . • _________________________________________________________
O Have all required information returns (e.g., federal Forms 1099, 8300, and state Forms 592, 592-B etc.) been filed with the
Franchise Tax Board? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . □ N/A □ Yes □ No
P Is this S corporation apportioning or allocating income to California using Schedule R? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Q Has the S corporation included a reportable transaction or listed transaction within this return? See instructions for definitions . .
If “Yes,” complete and attach federal Form 8886, for each transaction.
R Did this S corporation file the federal Schedule M-3 (Form 1120-S)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• □ Yes □ No
• □ Yes □ No
• □ Yes □ No
• □ Yes □ No

S Is form FTB 3544, Side 2, Part B, List of Assigned Credit Received and/or Claimed by Assignee, attached to the return? . . . . . . . .
T Check if corporation: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) □ Aggregated activities for IRC Section 465 at-risk purposes
(2) □ Grouped activities for IRC Section 469 passive activity purposes

U (1) Has this business entity previously filed an unclaimed property Holder Remit Report with the State Controller’s Office? . . . . . . • □ Yes □ No
(2) If “Yes,” when was the last report filed? (mm/dd/yyyy) • ____________ (3) Amount last remitted ◾ $_______________ . ________
Schedule J Add-On Taxes and Recapture of Tax Credits. See instructions.

1 LIFO recapture due to S corporation election (IRC Section 1363(d) deferral $______________________) . . . .

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1

00

2 Interest computed under the look-back method for completed long-term contracts (attach form FTB 3834) . . .

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2

00

3 Interest on tax attributable to installment a) Sales of certain timeshares and residential lots . . . . . . . . . . . . . .

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3a

00

b) Method for nondealer installment obligations . . . . . . . . . . . . . . .

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3b

00

4 IRC Section 197(f)(9)(B)(ii) election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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4

00

5 Credit recapture name ________________________________________________________________ . . . .

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5

00

6 Combine line 1 through line 5. Revise the amount on Side 2, line 40 or line 41, whichever applies,
by this amount. Write “Schedule J’’ to the left of line 40 or line 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Sign
Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Signature
of officer

Title

• Telephone

Date

▶

Officer’s email address (optional)
Date

Paid
Preparer’s
Preparer’s signature ▶
Use Only

Firm’s name (or yours,
if self-employed)
and address

Check if selfemployed ▶ □

▶

May the FTB discuss this return with the preparer shown above? See instructions . . . . . . . . . . . . . . . . . .

3613233

•PTIN
• Firm's FEIN
• Telephone
• □ Yes □ No

Form 100S 2023

Side 3

Income

Schedule F Computation of Trade or Business Income. See instructions.
1
2
3
4
5
6

a) Gross receipts or sales ____________ b) Less returns and allowances _______________ c) Balance . . . . .
Cost of goods sold from Schedule V, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net gain (loss). Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income (loss). Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total income (loss). Combine line 3 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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1c
2
3
4
5
6
7
8
9
10
11
12
13
14c
15
16
17
18
19b
20
21
22

00
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Deductions

7 Compensation of officers. Attach schedule. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
●
11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
●
14 a) Depreciation
__________ b) Less depreciation reported elsewhere
__________ c) Balance . . . .
15 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
●
17 Pension, profit-sharing plans, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
●
18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 a) Total travel and entertainment
_________________________________ b) Deductible amount . . . . . .
●
20 Other deductions. Attach schedule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
●
21 Total deductions. Add line 7 through line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 Ordinary income (loss) from trade or business. Subtract line 21 from line 6. Enter here and on Side 1, line 1. . . . ●
The corporation may not be required to complete Schedule L and Schedule M-1. See Schedule L and Schedule M-1 instructions for reporting requirements.

Schedule L

Balance Sheet

Beginning of taxable year
(a)
(b)

Assets

1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 a Trade notes and accounts receivable. . . . . . . . . . . .
b Less allowance for bad debts . . . . . . . . . . . . . . . . .
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal and state government obligations . . . . . . . . .
Other current assets. Attach schedule(s) . . . . . . . . . .
Loans to shareholders. Attach schedule(s) . . . . . . . .
Mortgage and real estate loans . . . . . . . . . . . . . . . . .
Other investments. Attach schedule(s) . . . . . . . . . . .
a Buildings and other fixed depreciable assets . . . . .
b Less accumulated depreciation . . . . . . . . . . . . . . . .
10 a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . .
b Less accumulated depletion . . . . . . . . . . . . . . . . . .
11 Land (net of any amortization) . . . . . . . . . . . . . . . . . .
12 a Intangible assets (amortizable only) . . . . . . . . . . . .
b Less accumulated amortization . . . . . . . . . . . . . . . .
13 Other assets. Attach schedule(s) . . . . . . . . . . . . . . . .
14 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and shareholders’ equity
15 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Mortgages, notes, bonds payable in less than 1 year
17 Other current liabilities. Attach schedule(s) . . . . . . . .
18 Loans from shareholders. Attach schedule(s) . . . . . .
19 Mortgages, notes, bonds payable in 1 year or more .
20 Other liabilities. Attach schedule(s) . . . . . . . . . . . . . .
21 Capital stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 Paid-in or capital surplus . . . . . . . . . . . . . . . . . . . . . .
23 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 Adjustments. Attach schedule(s) . . . . . . . . . . . . . . . .
25 Less cost of treasury stock . . . . . . . . . . . . . . . . . . . .
26 Total liabilities and shareholders’ equity. . . . . . . . .

3
4
5
6
7
8
9

Side 4

Form 100S 2023

End of taxable year
(c)

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3614233

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Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return.
If the S corporation completed federal Schedule M-3 (Form 1120-S). See instructions.
1 Net income per books . . . . . . . . . . . . . . . . . . . . .
2 Income included on Schedule K, line 1 through
line 10b, not recorded on books this year
(itemize)______________________________
_____________________________________ ●

5 Income recorded on books this year not
included on Schedule K, line 1 through
line 10b (itemize)
a Tax-exempt interest $___________________
b Other $______________________________
c Total. Add line 5a and line 5b . . . . . . . . . . . . ●
6 Deductions included on Schedule K, line 1
through line 12e, not charged against
book income this year (itemize)
a Depreciation $ _________________________
b State tax refunds $ _____________________
c Other $
d Total. Add line 6a through line 6c. . . . . . . . . ●
7 Total. Add line 5c and line 6d . . . . . . . . . . . . . . . .
8 Income (loss) (Schedule K, line 19, col. d).
Subtract line 7 from line 4. . . . . . . . . . . . . . . . . ●

3 Expenses recorded on books this year not
included on Schedule K, line 1 through
line 12e (itemize)
a Depreciation . . . . $____________________
b State taxes . . . . . $____________________
c Travel and
entertainment . . . $____________________
d Other . . . . . . . . . . $____________________
e Total. Add line 3a through line 3d . . . . . . . . ●
4 Total. Add line 1 through line 3e . . . . . . . . . . . . . .

Schedule M-2 CA Accumulated Adjustments Account, Other Adjustments Account, and Other Retained Earnings. See instructions.
(a)
(b)
(c)
Important: Use California figures and federal procedures.
Accumulated
Other adjustments
Other retained earnings
adjustments account
account
(see instructions)
1 Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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2 Ordinary income from Form 100S, Side 1, line 1 . . . . . . . . . . . . . . . . . . . . . . .
3 Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Loss from Form 100S, Side 1, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(

5 Other reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Combine line 1 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

)
(

7 Distributions other than dividend distributions . . . . . . . . . . . . . . . . . . . . . . . .

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8 Balance at end of year. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . .

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) (

) (

)

9 Retained earnings at end of year. Add line 8, column (a) through column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ●
10 If the corp. has C corp. E&P at the end of the taxable year, enter the amount. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . ●
Schedule V Cost of Goods Sold

1
2
3
4
5
6
7
8

Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other IRC Section 263A costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Other costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total. Add line 1 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cost of goods sold. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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1
2
3
4
5
6
7
8

00
00
00
00
00
00
00
00

Was there any change in determining quantities, costs, or valuations between opening and closing inventory? . . . . . . . . . . . . . . . . . . . . . . . . . . □ Yes □ No
If “Yes,’’ attach an explanation. Enter California seller’s permit number, if any. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶
Method of inventory valuation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
□
Check if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If the LIFO inventory method was used for this taxable year, enter the amount of closing inventory computed under LIFO . . . . . .

•

•

3615233

Form 100S 2023

Side 5

Schedule K

S Corporation Shareholder’s Shares of Income, Deductions, Credits, etc.

Reconciliation

Other
State Taxes

Other
Information

Items Affecting Alternative Minimum
Shareholder Basis Tax (AMT) Items

Credits

Deductions

Other
Income
(Loss)

Income (Loss)

(a)
Pro-rata share items

(b)
Amount from
federal K (112O-S)

1 Ordinary business income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Net rental real estate income (loss). Attach federal Form 8825 . . . . . . . . . . . . . .
3 a Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Expenses from other rental activities. Attach schedule . . . . . . . . . . . . . . . . .
c Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . . . .
4 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Dividends. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Net short-term capital gain (loss). Attach Schedule D (100S) . . . . . . . . . . . . . . .
8 Net long-term capital gain (loss). Attach Schedule D (100S) . . . . . . . . . . . . . . . .
9 Net IRC Section 1231 gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 a Other portfolio income (loss). Attach schedule . . . . . . . . . . . . . . . . . . . . . . .
b Other income (loss). Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 IRC Section 179 expense deduction. Attach Schedule B (100S). . . . . . . . . . . . .
12 a Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c 1 IRC Section 59(e)(2) expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Type of expenditures _________________________________________
d Deductions-portfolio. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e Other deductions. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 a Low-income housing credit. See instructions . . . . . . . . . . . . . . . . . . . . . . . .
b Credits related to rental real estate activities. Attach schedule . . . . . . . . . . .
c Credits related to other rental activities. See instructions. Attach schedule. .
d Other credits. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Total withholding allocated to all shareholders. . . . . . . . . . . . . . . . . . . . . . . . . . .
15 a Depreciation adjustment on property placed in service after 12/31/86 . . . . .
b Adjusted gain or loss. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Gross income from oil, gas, and geothermal properties . . . . . . . . . . . . . . . .
e Deductions allocable to oil, gas, and geothermal properties . . . . . . . . . . . . .
f Other AMT items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Total property distributions (including cash) other than dividends
distribution reported on line 17c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 a Investment income. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Investment expenses. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Total dividend distributions paid from accumulated earnings and profits . . .
d Other items and amounts not included in lines 1 - 17b and lines 18a-e
that are required to be reported separately to shareholders. Attach schedule
18 a Type of income
b Name of state
c Total gross income from sources outside California. Attach schedule. . . . . .
d Total applicable deductions and losses. Attach schedule . . . . . . . . . . . . . . .
e Total other state taxes. Check one:
□ Paid □ Accrued . . . . . . . . .
19 Income (loss) (required only if Schedule M-1 must be completed).
Combine line 1, line 2, and line 3c through line 10b. From the result,
subtract the sum of lines 11, 12a, 12b, 12c1, 12d and 12e . . . . . . . . . . . . . . . . .

Side 6

Form 100S 2023

3616233

(c)
California
Adjustment

(d)
Total amounts using
California law

1
2
3a
3b
3c
4
5
6
7
8
9
10a
10b
11
12a
12b
12c1
12c2
12d
12e
13a
13b
13c
13d
14
15a
15b
15c
15d
15e
15f
16a
16b
16c

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16d
17a
17b
17c

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17d
18a
18b
18c
18d
18e

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19

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