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Level 1
April 13, 2022
Question

CA SMLLC revenue taxed both on 540 and 568

  • April 13, 2022
  • 1 reply
  • 7 views

The SMLLC for federal purposes is taxed on Sch C

For CA purposes, the SMLLC is taxed on the form 568

is the same income that is taxed on the 568 taxed on the 540

which would be double taxation

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1 reply

Just-Lisa-Now-
Intuit Community Champion
April 13, 2022

That $800 is an annual LLC fee, not a tax.  

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪