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Onvio Tax calculates income on the California Schedule K-1 as follows.

Column (d)

Onvio Tax calculates column (d) amounts by dividing the federal K-1 amounts by total available federal net income, and multiplying the result by total available state net income as calculated on the Total Source Expense Allocation Worksheet.

In a resident estate or trust, if the taxable amounts don’t add up to the income distribution deduction, Onvio Tax will adjust them. Normally, that happens only when you force the distribution on the CADeduct screen.

Column (c)

Column (c) is the difference between column (d) and column (b). If an override is necessary, column (c) picks up the column (d) override, thus we do not recommend overriding column (c). If column (c) is overridden, column (d) must be overridden again.

Column (e)

Onvio Tax calculates column (e) amounts by dividing the federal K-1 amounts by total available federal net income and multiplying the result by available state source net income from the Instate Source Expense Allocation Worksheet.

California overview (1041)