Any differences created in the translation are not binding on the FTB and have no legal effect for compliance or enforcement purposes. The web pages currently in English on the FTB website are the official and accurate source for tax information and services we provide. Consult with a translator for official business. This Google™ translation feature, provided on the Franchise Tax Board (FTB) website, is for general information only. Visit 1099s (information returns) for more information. It reports non-employment income paid to your business during a tax year.Ĭommon income types reported on a 1099 include: 1099s (information returns)Īn information return is a tax document that banks, financial institutions, and other payers send to your business and the IRS. Consider working with a tax professional. Your business may have to report other income types not listed here. Proceeds from a sale of capital assets are a type of gross income. Capital assets can be tangible or intangible property. Most property you own and use for business purposes or investment is a capital asset. Interest and dividends are a type of gross income and should be included in your total income. Rental income from a business is a type of business gross income. You must pay tax on any profit from renting out property. Payments by a tenant for cancellation of a lease.Amounts received from tenants for the monthly rent of property.Using personal property, e.g., car, boat, clothing, etc.

Using real property, e.g., apartment, building, etc.Rental income includes money collected by your business, a landlord, from third parties, tenants, for: 199: California Exempt Organization Annual Information Return.

540NR: Nonresident or Part-Year Resident Booklet.

568: Limited Liability Company Tax Booklet.

100W: Corporation Tax Booklet Water's-Edge Filers.

100S: S Corporation Franchise or Income Tax Booklet.

Include state adjustments based on the type of your business. State returnīegin your California return with your federal taxable income. Report your income when you file your federal return.

Other income producing assets or activitiesĬalculate gross receipts by adding all revenue received within a tax year without subtracting returns, allowances, costs of goods sold, or any other business expenses.

Generally, gross receipts is all revenue that your business received during a given year from: Gross income is gross receipts minus returns and allowances, minus costs of goods sold. Visit Apportionment and allocation if you also do business outside of California.

Total monthly gross receipts