How do I prepare California Form 592-PTE in a 1065 return using interview forms in CCH® ProSystem fx® Tax?

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

Objectives

Learn how to generate and populate California Form 592-PTE for nonresident passthrough entity partners in a 1065 return using worksheet view.

Environment

  • CCH ProSystem fx Tax
  • 1065
  • Interview 
  • California
  • Form 592-PTE

Procedure

Verify the state of California is active in the return; either state Form 565 or 568 should be generated.
  1. Go to Interview Form K-1.
  2. In Boxes 75-96 - Residency Codes - State if different code, select an applicable state other than CA.
  3. In Boxes 103-127 - Entity Code, Select applicable passthrough partner (valid entity types to be included on Form 592-PTE are estates, trusts, S corporations, LLCs and partnerships).
  4. Go to California > CA20 - Forms 592-592A, & 592-B Processing Options, WH Agent Info. & Form 588.
  5. Expand Section 1 - Basic Data.
  6. In Box 30 - Produce Form 592, select the checkbox.
  7. Calculate the return.

Notes:

Passthrough partners will be included if the following conditions are met:
  • The partner is coded as a nonresident to California.
  • The partner is coded as a passthrough entity type P, A, T,  G, S, E, T, L, N.
  • At least $1 of 592-PTE withholding is calculated, or if  CA22 Boxes 30-58 - Partner number is populated for the partner, and CA22 Boxes 36-64 - Amount Withheld - O/R column includes a zero as input for at least the first 2021 Form 592 payment voucher.

Additional Information

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