How do I prepare California FTB 592-PTE in an 1120S return using CCH® ProSystem fx® Tax CCH Axcess™ Tax worksheet view?

  • Article Type:
  • How To
  • Last Modified:
  • 11/05/2022

Objectives

Prepare FTB 592-PTE in a S Corporation return using worksheet view.

Environment

CCH® ProSystem fx® Tax
CCH Axcess™ Tax
1120S
S Corporation
California
592-PTE

Procedure

  1. Go to California > Other Information worksheet.
  2. Expand Section 10 - 592-PTE, 3893 (PTE).
  3. In Grid 6 - Part II Pass Through Entity Information, input applicable information to populate 592-PTE, Part II.
  4. In Grid 11 - Schedule of Payees, input applicable information of each person or entity with whom should populate 592-PTE, page 2, Schedule of Payees. 
  5. In Row Total Income, input an applicable income amount.
  6. In Row Tax withheld amount, input an applicable tax withheld amount related to the income amount input with step 5.
  7. Select in Prosystem fx Tax, or in CCH Axcess Tax, to create an additional sheet, if applicable.
  8. Repeat steps 4-7 as applicable to your client.
  9. Calculate the return.

Note

  • Additional sheets of California > Other Information worksheet > Section 10 - 592-PTE, 3893 (PTE) > Grid 6 do not create additional entities of FTB 592-PTE.


 

Additional Information

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