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Level 5
July 20, 2021
Solved

CA Form 568 for SMLLC

  • July 20, 2021
  • 2 replies
  • 82 views

do I need to report income & expenses (again) on CA Form 568 for SMLLC which was already reported on CA 540 & 1040 Sch "C"?

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Best answer by abctax55

Yes... for gross receipts.  See Sch IW.

2 replies

abctax55
abctax55Answer
Level 15
July 20, 2021

Yes... for gross receipts.  See Sch IW.

HumanKind... Be Both
Just-Lisa-Now-
Intuit Community Champion
July 20, 2021
If you check the box at the top portion of Sch C that its a CA LLC, it will flow all the numbers to the 568 for you.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
khorshedAuthor
Level 5
July 20, 2021

And I will assume no need to file 1065 Fed, Correct?

Just-Lisa-Now-
Intuit Community Champion
July 20, 2021
An SMLLC is disregarded for federal tax purposes. You file Sch C, same as any sole proprietor. No 1065 needed.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪