568 Schedule EO: Pass–Through Entity Ownership (2024)
California · FTB · Used for tax years 2024
California Schedule EO (568) reports pass-through entity ownership for 2024. It lists entities in which the taxpayer owns less than 100% and disregarded entities the taxpayer owns in full, including identifying information, California source income, and profit and loss percentage
Who files this form
The 2024 Schedule EO (568) asks taxpayers to report ownership in other entities:
- Part I, Partial Ownership: Entities in which the taxpayer owns less than 100%.
- Part II, Full Ownership: Disregarded entities in which the taxpayer owns 100%.
The form text does not specify which taxpayers are required to file this schedule.
What you'll need
Have the following information ready to complete the schedule:
- Your name as shown on the tax return, California Secretary of State (SOS) file number, and FEIN.
- Each listed entity’s name, California SOS file number, FEIN, and California source income.
- For entities listed in Part I, the profit and loss percentages.
The form refers to instructions for California source income and profit and loss percentages. Those instructions were not provided.
Questions people ask
Which entities go in Part I?
List entities in which the taxpayer holds less than 100% ownership.
Which entities go in Part II?
List disregarded entities in which the taxpayer holds 100% ownership.
Does Part I ask for separate profit and loss percentages?
Yes. Part I has separate columns for profit and loss percentages.
Does the schedule ask for California source income?
Yes. Both parts include a California source income column and direct you to the instructions for details.