Case: The taxpayer is a Virginia resident for the 2024 tax year. He has W-2 income and stock income reported on Form 1099-B, both sourced from Virginia. Additionally, he owns two single-member LLCs (SMLLCs): one registered in Florida and the other in California. Both SMLLCs had a net operating loss in 2024.

Question: For the single-member LLC registered in California, what are the income tax filing requirements? Is the taxpayer only required to file Form 568 (Limited Liability Company Return of Income) and Form 540NR (Nonresident Income Tax Return)? Any input would be appreciated!