CA 1065

[ljwalters]

Getting error that CA 1065 line 9 of schedule M-1 shoud equal Line 21a, columnd, of Schedule K.

the difference is the 800 for the llc tax, deductable on federal not state. It is coming up on the CA m-1 line 4c but that putts the distributive

income off by the 800.

Any help would be great.

It is to bad that ATX doesn't think our time on the west cost is valuable enough to offer us tech support until a decient hr.

Linda and buddy

[ljwalters]

Ca preparers please help.

Linda and buddy

[BulldogTom]

Linda,

I only do two partnerships and neither is an LLC. But I played with them and added the LLC fee in and this is what I came up with. Go to line 7 and put in a <800> and call it CA LLC Fee. That brought my year end balance to what it should be. I had to enter the LLC Fee on the K-1 CA adjustments to bring income up in CA, On the M-1 I had to manually add it to Line 4d and on the M-2, I had to manualy subtract it from line 7 to get it to reflect the ending capital accounts.

I don't know if this is correct, but the numbers came out right when I did it that way.

BTW, I did not over ride any number in the return. I just kept adding the 800 dollars to the three places I mentioned.

Sorry I can't be of more help.

Tom

Lodi, CA