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State of California Franchise Tax Board

Changes to 2005 Forms

2005 Update to Form 541 Booklet-Beneficiary's Instructions for Schedule K-1(541)

Revision Date: 04/27/2007

Revision Details: We reference the incorrect line number.

Page 32, 541 booklet; page 356 package X:

  • Form 541 booklet, page 32, column 1, line 10a instruction

It should read:

Line 10A - Excess deductions on termination
Include any adjustment on Schedule CA (540 or 540NR), line 41 as an addition or subtraction, whichever is appropriate.

The revised internet version is available for download.

Back to Tax Form Changes for 2005

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