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State of California Franchise Tax Board

Changes to 2003 Forms

2005 Updates to Form 568 Booklet

Revision Date: 01/21/2004

Revision Details: Schedule K Instructions

  • The revisions relate to information that is no longer necessary on Page 15, 1st column, under Other, line 22 (schedule K), line i

It should read:

The following information was deleted, The LLC also must separately report the . . . same manner used in prior tax years.)

  • Limited Liability Company Income Worksheet - Attach to the LLC's return, page 16, line 17d. The word "recapture" on line 17d was replaced with "provisions".

It should read:

17d. Enter the LLC's gain (not loss) on property subject to IRC Section 179 provisions

The revision appears on Form 568 Booklet, page 15 and 16, and the Package X, page 369 and 370.
The revised internet version is available for download.

Back to Tax Form Changes for 2003

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