KJones
Level 2
‎01-21-2023 08:08 AM
We have a Texas LLC that sold its CA property and will not longer being doing business in CA.  I marked the Final box in CA Miscellaneous Information but the CA Form 568 does not show as final unless I mark the 1065 as final also.
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George4Tacks
Level 15
‎01-21-2023 09:41 AM

State & Local > CA Miscellaneous > Final return 1=yes, 2=no [Override] Enter a 1

Also FYI:

Q. Cancelling a Limited Liability Company

In general, LLCs are required to pay the $800 annual tax and file a California return until the appropriate papers are filed. In order to cancel an LLC, the following steps must be taken:

  1. File a timely final California return (Form 568) with the FTB and pay the $800 annual tax for the taxable year of the final return.
  2. File Form LLC-4/7, Certificate of Cancellation, with the California SOS. The California SOS also requires a domestic LLC to file Form LLC-3, Certificate of Dissolution. Contact the California SOS for more details.

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KJones
Level 2
‎01-21-2023 09:51 AM

I entered a 1 in the box you are referencing but the Final Return box on the Form 568 is not checked.  There must be bug in the software.

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George4Tacks
Level 15
‎01-21-2023 02:10 PM

Contact support ProConnect Tax Support


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