California Shareholder's Share of Income, Deductions, Credits, etc

Shareholder's Share of Income, Deductions, Credits, etc
2023 Schedule K-1 (100S), Shareholder's Share of Income, Deductions, Credits, etc.
TAXABLE YEAR

2023

Shareholder’s Share of Income,
Deductions, Credits, etc.

CALIFORNIA SCHEDULE

K-1 (100S)

For use by an S corporation and its shareholders only.

For calendar year 2023 or fiscal year beginning

and ending
(m m / d d / y

y

y

y)

.
(m m / d d / y

Shareholder’s name

y

y

y)

Shareholder’s identifying number

Address
City

Corporation’s FEIN

State

ZIP code

State

ZIP code

California corporation number

Corporation’s name
Address

City

A Current year allocation percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.

•

B Shareholder’s number of shares: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning

and Ending

C Loans from shareholder: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning $

and Ending $

%

D Reportable transaction or tax shelter registration number(s):

□ A final Schedule K-1 (2) □ An amended Schedule K-1
F What type of entity
is this shareholder? . . . . . . . . . . • (1) □ Individual (2) □ Estate/trust (3) □ Qualified exempt organization (4) □ Single member LLC
G Is this shareholder a resident of California?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • □ Yes ▶ □ No
E Check here if this is: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•

(1)

Caution: Refer to the shareholder’s instructions for Schedule K-1 (100S) before entering information from this schedule on your California tax return.
(a)
Pro-rata share items

(b)
Amount from
federal Schedule K-1
(Form 1120-S)

2 Net rental real estate income (loss). . . . . . . . . . . .
Income (Loss)

3 Other net rental income (loss) . . . . . . . . . . . . . . .

•
•
•
•
•
•
•
•

4 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Dividends. See instructions. . . . . . . . . . . . . . . . . .
6 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Net short-term capital gain (loss) . . . . . . . . . . . . .
8 Net long-term capital gain (loss) . . . . . . . . . . . . . .

Other
Income
(Loss)

9 Net IRC Section 1231 gain (loss) . . . . . . . . . . . . .
10 a Other portfolio income (loss). Attach schedule .
b Other income (loss) . . . . . . . . . . . . . . . . . . . . .

7871233

(e)
California
source amounts
and credits

(d)
Total amounts
using California law.
Combine col. (b) and col. (c)
where applicable

•
•

1 Ordinary business income (loss) . . . . . . . . . . . . .

For Privacy Notice, get FTB 1131 EN-SP.

(c)
California
adjustment

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Schedule K-1 (100S) 2023 Side 1

Shareholder’s name

Shareholder’s identifying number

Caution: Refer to the shareholder’s instructions for Schedule K-1 (100S) before entering information from this schedule on your California tax return.

Other State Taxes

Other Information

Items Affecting
Shareholder Basis

Alternative Minimum Tax (AMT)
Items

Credits

Deductions

(a)
Pro-rata share items

(c)
California
adjustment

(b)
Amount from
federal Schedule K-1
(Form 1120-S)

11 IRC Section 179 expense deduction.
Attach schedules . . . . . . . . . . . . . . . . . . . . . . . . .
12 a Charitable contributions . . . . . . . . . . . . . . . . . .
b Investment interest expense . . . . . . . . . . . . . . .
c 1 IRC Section 59(e)(2) expenditures . . . . . . . . .
2 Type of expenditures
d Deductions-portfolio . . . . . . . . . . . . . . . . . . . . .
e Other deductions. . . . . . . . . . . . . . . . . . . . . . . .
13 a Low-income housing credit. See instructions.
Attach schedule. . . . . . . . . . . . . . . . . . . . . . . . .
b Credits related to rental real estate activities
other than on line 13(a). Attach schedule . . . . .
c Credits related to other rental activities.
See instructions. Attach schedule . . . . . . . . . . .
d Other credits. Attach schedule . . . . . . . . . . . . .
14 Total withholding (equals amount on Form 592-B
if calendar year) . . . . . . . . . . . . . . . . . . . . . . . . . .
15 a Depreciation adjustment on property placed in
service after 12/31/86 . . . . . . . . . . . . . . . . . . . .
b Adjusted gain or loss . . . . . . . . . . . . . . . . . . . .
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. Attach schedule . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e Repayment of loans from shareholders . . . . . .
17 a Investment income. See instructions . . . . . . . .
b Investment expenses. See instructions . . . . . . .
c Total taxable dividend distribution paid
from accumulated earnings and profits.
See instructions . . . . . . . . . . . . . . . . . . . . . . . .
d Other information. See instructions . . . . . . . . .
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 • More than one activity for at-risk purposes. See instructions.

Side 2 Schedule K-1 (100S) 2023

(e)
California
source amounts
and credits

(d)
Total amounts
using California law.
Combine col. (b) and col. (c)
where applicable

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20 • More than one activity for passive activity purposes. See instructions.

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Shareholder’s name

Shareholder’s identifying number

Table 1 — Each shareholder’s share of nonbusiness income from intangibles. See instructions.
Interest

$

Royalties

IRC Section 1231 Gains/Losses $

$

Dividends $

Capital Gains/Losses $

Other

$

FOR USE BY SHAREHOLDERS ONLY. SEE INSTRUCTIONS.
Table 2 — Shareholder’s pro-rata share of business income and factors. See instructions.

Other Shareholder Information

A. Shareholder’s share of the S corporation’s business income $________________________________
B. Shareholder’s share of the nonbusiness income from real and tangible property sourced or allocable to California:
Capital Gains/Losses

$

IRC Section 1231 Gains/Losses $

Rents/Royalties

$

Other

$

C. Shareholder’s share of the S corporation’s property, payroll, and sales:
Factors
Property: Beginning

Total within and outside California

Total within California

$

$

Ending

$

$

Annual Rent Expense

$

$

Payroll

$

$

Sales

$

$

7873233

Schedule K-1 (100S) 2023 Side 3