Single Member LLC with Sub-S election

Forum|Forum|5 years ago
January 27, 2021
2 replies
20 views

Hello,

I have a client who has a single member LLC and has filed FORM 2553 to be taxed as an S-Corp. I plan to file an 1120S for FED purposes, but am wondering how to file the state return (CA) since there is only one member.

Would I include the SMLLC on Schedule C of their personal return that is somehow only taxable to California (since the FED side will be filed through the 1120-S)? Appreciate any feedback.

Thanks,

Marty

Lacerte Tax

This topic has been closed for replies.

sjrcpa

Level 15

It's an S Corp for CA, too.

The more I know the more I don’t know.

N

nickpgAuthor

Level 2

Wouldn't he need a California Corporation number? It was initially setup as an LLC in California. I appreciate your assistance.

sjrcpa

Level 15

There is some workaround for a CA LLC filing as an S Corp re: account numbers. Can't remember if I saw it here, in the software help, or in CA 100S instructions. Maybe one of our CA colleagues can chime in.

The more I know the more I don’t know.

qbteachmt

Level 15

Read this: https://www.ftb.ca.gov/file/business/types/corporations/s-corporations.html

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