Strongsilence-CPA
Level 10
02-04-2022
11:50 AM
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These rules have changed it appears LC forgot about them.
See https://www.ftb.ca.gov/forms/2020/2020-3805v-instructions.html
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Strongsilence-CPA
Level 10
02-04-2022
11:56 AM
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Hope you are well.
This instruction is not correct.
The addback of the CA LLC minimum tax of $800 needs to be listed in the Business Income, line 3. If not, the business income for California will not be correct and the NOL calculation on Form 3805V will not be correct.
Thank you Betty Jo.
IntuitZacharyG
Intuit
02-08-2022
11:56 AM
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We appreciate you letting us know. We're going to share this with the appropriate team and we'll let you know what we find out.