When preparing a Corporate (Form 1120) return where California is involved, you may need to generate CA Form 199.
CA Form 199 will not generate if the gross receipts are less than $50,000.
To generate CA Form 199:
- From the Input Return tab, go to Miscellaneous Forms ⮕ HOA (1120-H) / Coops (1120-C) ⮕ CA Homeowner's Assoc. (199).
- Fill out required information.
- Since Form 199 is for Exempt Organizations, make sure to check the box Exempt under section 23701t and enter gross receipts. Alternatively, check the box Carry Form 1120 income/deductions to Form 199.
