Still eating popcorn for a day now.
Almost ran out of popcorn.
Yes. But you can pay yourself a reasonable wage to avoid that, etc.
Can you back up a single word you write?
Wrong. This Owner distribution is still income from CA, therefore you still get CA taxed both W-2 and K-1.
And just to play along (with this wrong concept), you are saving 1.5% franchise tax by paying wage. That same wage you are trying to save 1.5% is taxed 10x more at around 15% for Medicare + Social Security. How smart is that?
Have you ever seen the K-1 from CA?
And yes I can back everything up. You just need give me a retainer for my time.
Hint: Your FTB link already says a lot. Before paying someone else to do work, maybe try reading it?
Hint: On the 100S there is column (e) there for a reason.