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Level 2
October 11, 2021
Question

Two single member LLCs for an individual

  • October 11, 2021
  • 1 reply
  • 9 views

Do we have the ability to do both LLC's on one individual for 2020 or do we still have to do one LLC on a partnership?  

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1 reply

sjrcpa
Level 15
October 12, 2021

California 568?

The more I know the more I don’t know.
blittle2Author
Level 2
October 12, 2021

Yes CA 568. I was hoping that they made a change. 🙂  But I don't believe that they did.  

George4Tacks
Level 15
October 12, 2021

https://proconnect.intuit.com/community/form-1040/help/individual-california-single-member-llc-frequently-asked/00/3939

Pay particular attention to:

  1. On the St. Taxes (54.013) screen under California Single Member LLC, add all of the California LLC returns your client has on this screen.
    • You must add each LLC return to this screen in the following order:
      1. Other LLCs 1, 2, 3...
      2. Sch. C LLC (Screen 16 activities) 1, 2, 3...
      3. Sch. E LLC (Screen 18 activities) 1, 2, 3...
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