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Level 2
Oct 11, 2021 11:22 PM UTC
Question

Two single member LLCs for an individual

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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3 replies

sjrcpa
Level 15
Oct 12, 2021 1:32 AM UTC

California 568?

The more I know the more I don’t know.
blittle2Author
Level 2
Oct 12, 2021 1:44 AM UTC

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

George4Tacks
Level 15
Oct 12, 2021 5:21 AM UTC

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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