Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Practice Advice
- :
- California consolidated tax returns
California consolidated tax returns
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Br
Level 1
04-05-2020
07:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a C corporation parent which owns two other C corporations and two single member LLCs. What is the proper filing for these entities in California?
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
04-06-2020
09:36 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Unless the SMLLCs made an election to be taxed as corporations, their activity gets reported on the parent C corporation return.
How are the parent and 2 subs reporting for federal? Consolidated or separate? I'm thinking CA would follow fed, but I don't practice in CA and am not sure.
The more I know, the more I don't know.
