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California consolidated tax returns

Level 1

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?

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1 Comment 1
Level 15

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.

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