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Level 5
July 20, 2021
Solved

CA Form 568 for SMLLC

  • July 20, 2021
  • 13 replies
  • 93 views

do I need to report income & expenses (again) on CA Form 568 for SMLLC which was already reported on CA 540 & 1040 Sch "C"?

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Best answer by abctax55

Yes... for gross receipts.  See Sch IW.

13 replies

abctax55
abctax55Answer
Level 15
July 20, 2021

Yes... for gross receipts.  See Sch IW.

HumanKind... Be Both
Just-Lisa-Now-
Intuit Community Champion
July 20, 2021
If you check the box at the top portion of Sch C that its a CA LLC, it will flow all the numbers to the 568 for you.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
khorshedAuthor
Level 5
July 20, 2021

And I will assume no need to file 1065 Fed, Correct?

Just-Lisa-Now-
Intuit Community Champion
July 20, 2021
An SMLLC is disregarded for federal tax purposes. You file Sch C, same as any sole proprietor. No 1065 needed.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪