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California Free Printable 2019 California Schedule K-1 (568) Member’s Share of Income, Deductions, Credits, etc. for 2020 California Member's Share of Income, Deductions, Credits, etc. (Fill-in)

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Member's Share of Income, Deductions, Credits, etc. (Fill-in)
2019 California Schedule K-1 (568) Member’s Share of Income, Deductions, Credits, etc.

TAXABLE YEAR 2019 Member’s Share of Income, Deductions, Credits, etc. CALIFORNIA SCHEDULE K-1 (568) For calendar year 2019 or fiscal year beginning and ending (m m / d  d / y  y  y  y) . (m m / d  d / y  y  y  y) Member’s name Member’s identifying number Address City LLC’s FEIN State ZIP code State ZIP code California Secretary of State file number LLC’s name Address City A What type of entity is this member?  •  See instructions. • Individual (2)  • S Corporation (3) • Estate/Trust (1) (4) (5) (6) • C Corporation • General Partnership • Limited Partnership (7) (8) (9) • LLP • LLC • IRA/Keogh/SEP (10) (11) • Exempt Organization • Disregarded Entity B Is this member a foreign member? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • Yes  C Enter member’s percentage (without regard to special allocations) of: (i) Beginning • No (ii) Ending Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . % • . % Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . % • . % Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . % • . % D Member’s share of liabilities: (i) Beginning (ii) Ending Nonrecourse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ . 00 •$ . 00 Qualified nonrecourse financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ . 00 •$ . 00 Recourse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $ . 00 •$ . 00 E Reportable transaction or tax shelter registration number(s) F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(k)(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •   (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •   G Check here if this is:  •  (1)  •  A final Schedule K-1 (568)  (2)  •  An amended Schedule K-1 (568) • • H Is this member a resident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • Yes  ▶ • No For Privacy Notice, get FTB 1131 ENG/SP. 7901193 Schedule K-1 (568)  2019  Side 1 Member’s name Member’s identifying number I Analysis of member’s capital account: Check the box  (a) Capital account at beginning of year • • (1)  • Tax Basis  (2)  • GAAP  (3)  • IRC Section 704(b) Book  (4)  • Other (explain) (b) Capital contributed during year • (c) Member’s share of line 3, line 4, and line 7 Form 568, Schedule M-2 • (e) Capital account at end of year, combine column (a) through column (d) (d) Withdrawals and distributions •( ) • Caution: Refer to Member’s Instructions for Schedule K-1 (568) before entering information from this schedule on your California return. (c) (b) (a) (d) Amounts from federal California adjustments Distributive share items Total amounts using Schedule K-1 (1065) California law. Combine col. (b) and col. (c) 1 Ordinary income (loss) from trade or business activities . . . . . . . . . . . . . . . . . . . . . . . • ▶  2 Net income (loss) from rental real estate activities . . . . . . . . . . . . . . . . . . . . . . . . . . • ▶  3 Net income (loss) from other rental activities . . . • •  9 Net long-term capital gain (loss) . . . . . . . . . . . . • • • • • • 10 a Total gain under IRC Section 1231 (other than due to casualty or theft) . . . . . . . . •  4 Guaranteed payments to members . . . . . . . . . . . Income (Loss) 5 Interest income . . . . . . . . . . . . . . . . . . . . . . . . .  6 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Net short-term capital gain (loss) . . . . . . . . . . . . b Total loss under IRC Section 1231 (other than due to casualty or theft) . . . . . . . . • • • • 11 a Other portfolio income (loss). Attach schedule b Total other income. Attach schedule . . . . . . . . c Total other loss. Attach schedule . . . . . . . . . . . 12 Expense deduction for recovery property (IRC Section 179) . . . . . . . . . . . . . . . . . . . . . . . . 13 a Charitable contributions . . . . . . . . . . . . . . . . . Deductions b Investment interest expense . . . . . . . . . . . . . . c 1 Total expenditures to which an IRC Section 59(e) election may apply. . . . . . . . . 2 Type of expenditures ________________ . d Deductions related to portfolio income Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . e Other deductions. Attach schedule . . . . . . . . . Side 2  Schedule K-1 (568)  2019 7902193 ▶ ▶ ▶ ▶ ▶ ▶ ▶ ▶ ▶ ▶ ▶ (e) California source amounts and credits Member’s name Member’s identifying number (a) Distributive share items (b) Amounts from federal Schedule K-1 (1065) (c) California adjustments 15 a Total withholding (equals amount on Form 592-B if calendar year LLC) . . . . . . . . . (d) Total amounts using California law. Combine col. (b) and col. (c) (e) California source amounts and credits • ▶ • • Credits b Low-income housing credit. . . . . . . . . . . . . . c Credits other than line 15b related to rental real estate activities. Attach schedule. . . . . . . d Credits related to other rental activities. Attach schedule. . . . . . . . . . . . . . . . . . . . . . . e Nonconsenting nonresident member’s tax paid by LLC. . . . . . . . . . . . . . . . . . . . . . . . . . 17 a Depreciation adjustment on property placed in service after 1986 . . . . . . . . . . . . . . . . . . . b Adjusted gain or loss. . . . . . . . . . . . . . . . . . . c Depletion (other than oil & gas). . . . . . . . . . . d Gross income from oil, gas, and geothermal properties. . . . . . . . . . . . . . . . . . e Deductions allocable to oil, gas, and geothermal properties. . . . . . . . . . . . . . . . . . f Other alternative minimum tax items. Attach schedule. . . . . . . . . . . . . . . . . . . . . . . 18 a Tax-exempt interest income. . . . . . . . . . . . . . b Other tax-exempt income. . . . . . . . . . . . . . . . Distributions c Nondeductible expenses . . . . . . . . . . . . . . . . 19 a Distributions of money (cash and marketable securities). . . . . . . . . . . . . . . . . . • b Distributions of property other than money. . • Other Information Tax-exempt Income and Nondeductible Expenses Alternative Minimum Tax (AMT) Items f Other credits – Attach required schedules or statements. . . . . . . . . . . . . . . . . . . . . . . . . 20 a Investment income . . . . . . . . . . . . . . . . . . . . b Investment expenses. . . . . . . . . . . . . . . . . . . c Other information. See instructions. . . . . . . . 7903193 Schedule K-1 (568)  2019  Side 3 Member’s name Member’s identifying number Other Member Information Table 1 — Member’s share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest . . . . . . . . $ Sec. 1231 Gains/Losses . . . . . . $ Capital Gains/Losses . . $ Dividends . . . . . . $ Royalties . . . . . . . . . . . . . . . . . . $ Other . . . . . . . . . . . . . . $ FOR USE BY MEMBERS ONLY – See instructions. Table 2 — Member’s share of distributive items. A. Member’s share of the LLC’s business income. See instructions. $ B. Member’s share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses . . . . . . . . . . . . . . . . . . . . $ Rents/Royalties . . . . . . . . . . . . . . . . $ Sec. 1231 Gains/Losses . . . . . . . . . . . . . . . . . $ Other . . . . . . . . . . . . . . . . . . . . . . . $ C. Member’s distributive share of the LLC’s property, payroll, and sales: Factors Total within and outside California Total within California Property: Beginning . . . . . . . . . . . . . . . . . . . . $ $ Property: Ending . . . . . . . . . . . . . . . . . . . . . . $ $ Property: Annual rent expense . . . . . . . . . . . . $ $ Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $ Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $ Side 4  Schedule K-1 (568)  2019 7904193
Extracted from PDF file 2019-california-form-568-schedule-k-1.pdf, last modified October 2019

More about the California Form 568 Schedule K-1 Corporate Income Tax Tax Credit TY 2019

This form requires you to determine what type of organization or partner this member is before determining their income and any deductions that need to be applied.

We last updated the Member's Share of Income, Deductions, Credits, etc. (Fill-in) in February 2020, so this is the latest version of Form 568 Schedule K-1, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 568 Schedule K-1 directly from TaxFormFinder. You can print other California tax forms here.

Related California Corporate Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 568 Schedule K-1.

Form Code Form Name
Form 568 Schedule EO Pass-Through Entity Ownership
Form 568 Schedule D Capital Gain or Loss

Download all CA tax forms View all 175 California Income Tax Forms


Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 568 Schedule K-1 from the Franchise Tax Board in February 2020.

Show Sources >

Form 568 Schedule K-1 is a California Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of California Form 568 Schedule K-1

We have a total of nine past-year versions of Form 568 Schedule K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 568 Schedule K-1

2019 California Schedule K-1 (568) Member’s Share of Income, Deductions, Credits, etc.

2018 Form 568 Schedule K-1

2018 Schedule K-1 (568) - Member’s Share of Income, Deductions, Credits, etc.

2017 Form 568 Schedule K-1

2017 California Schedule K-1 (568) - Member’s Share of Income, Deductions, Credits, etc.

2016 Form 568 Schedule K-1

2016 Form 568 K-1 - Member's Share of Income, Deductions, Credits, etc.

Member's Share of Income, Deductions, Credits, etc. (Fill-in) 2015 Form 568 Schedule K-1

2015 Schedule K-1 (568) -- Member's Share of Income, Deductions, Credits, etc.

Member's Share of Income, Deductions, Credits, etc. 2014 Form 568 Schedule K-1

2014 Schedule K-1 (568) -- Member's Share of Income, Deductions, Credits, etc.

Member's Share of Income, Deductions, Credits, etc. 2013 Form 568 Schedule K-1

2013 Schedule K-1 (568) -- Member's Share of Income, Deductions, Credits, etc.

2012 Form 568 Schedule K-1

2012 Schedule K-1 (568) -- Member's Share of Income, Deductions, Credits, etc.

2011 California Schedule K-1 (568) 2011 Form 568 Schedule K-1

2011 Schedule K-1 (568) -- Member's Share of Income, Deductions, Credits, etc.


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