Schedule CP-B: Composite Payments for Forms 20C, PTE-C, EPT and 41 (2024)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Schedule CP-B reports composite payments and electing pass-through entity credits from an Alabama S corporation, partnership, estate or trust. It lists the entities and amounts paid on your behalf and totals the amounts for attachment to Forms 20C, ET-1, 41, PTE-C or EPT.
Who files this form
The form directs shareholders or partners in an Alabama S corporation or partnership that filed Alabama Form PTE-C to complete Schedule CP-B.
Schedule CP-B reports composite payments and electing pass-through entity credits from an Alabama S corporation, partnership, estate or trust. It is attached to Forms 20C, ET-1, 41, PTE-C or EPT.
What you'll need
Have the following information ready to complete the schedule:
- Name or names shown on the return, FEIN, and tax period beginning and ending dates.
- Name and FEIN of each S corporation, partnership, estate or trust that made a payment on your behalf.
- Amount of each payment.
- The disregarded entity’s name and FEIN if the amount comes from a disregarded entity.
- Column C totals from any additional Schedule CP-B pages.
How to file
Attach Schedule CP-B to the applicable Form 20C, ET-1, 41, PTE-C or EPT. The supplied form does not give a mailing address or e-filing instructions.
To complete the schedule:
- Enter the return name, FEIN and tax period dates.
- In Section A, list each entity’s name in Column A, FEIN in Column B, and payment made on your behalf in Column C.
- Check Column D if the Column C amount comes from a disregarded entity. Enter that entity’s name and FEIN in Columns E and F.
- In Section B, enter this page’s Column C total on line 1 and the total from additional pages on line 2. Add lines 1 and 2 on line 3.
- Transfer line 3 to the applicable return:
- Form 20C, page 1, line 20c.
- Form ET-1, page 1, line 19c.
- Form 41, page 1, line 8f.
- Form PTE-C, page 1, line 5c.
- Form EPT, page 1, line 5d.
Questions people ask
What does Schedule CP-B report?
It reports composite payments and electing pass-through entity credits from an Alabama S corporation, partnership, estate or trust.
What amount goes in Column C?
Enter the amount of the payment made by the S corporation, partnership, estate or trust on your behalf.
What if the amount comes from a disregarded entity?
Check Column D and enter the disregarded entity’s name in Column E and FEIN in Column F.
How do I include additional pages?
Enter the total of Column C from additional pages on Section B, line 2 of the main page. Add that amount to line 1 and enter the combined total on line 3.