565 Schedule EO: Pass–Through Entity Ownership (2024)
California · FTB · Used for tax years 2024
California Schedule EO (565) reports pass-through entity ownership. It lists entities in which the taxpayer owns less than 100% and disregarded entities the taxpayer owns fully, including entity identification, California source income, and profit and loss percentages for partial
Who files this form
The 2024 Schedule EO (565) reports the taxpayer’s ownership interests in other entities:
- Part I, Partial Ownership: List entities in which the taxpayer owns less than 100%.
- Part II, Full Ownership: List disregarded entities in which the taxpayer owns 100%.
What you'll need
Have the following information ready to complete the schedule:
- The taxpayer’s name as shown on the tax return, FEIN, and California Secretary of State (SOS) file number.
- Each listed entity’s name, California SOS file number, FEIN, and California source income.
- For entities listed in Part I, separate profit and loss percentages.
The form refers to instructions for California source income and profit and loss percentages. Those instructions are not included in the supplied text.
Questions people ask
Where do I list an entity that the taxpayer owns less than 100% of?
List it in Part I, Partial Ownership.
Which entities belong in Part II?
Part II is for disregarded entities in which the taxpayer holds full ownership of 100%.
Does Part I ask for one ownership percentage?
Part I has separate columns for profit and loss percentages. The form directs you to the instructions for those percentages.
Is California source income requested in both parts?
Yes. Both Part I and Part II include a California source income column and refer you to the instructions.