California law adjustments (1041)

Onvio Tax makes adjustments to the California return for the following income and deductions according to FTB Publication 1001.

  • Income from US obligations
  • Municipal income from other states
  • State income tax refund
  • Railroad retirement benefits
  • Social security benefits are not income
  • Any taxes other than property taxes
  • Domestic Production Activity Deduction (Form 8903)
  • Basis differences
  • Bonus depreciation

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