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Level 2
December 7, 2019
Solved

I have 2 - SMLLC's needing to be filed on Schedule C's and ProSeries is limiting to only one SMLLC for my 1040. How do I file if this limitation is prompting an error?

  • December 7, 2019
  • 2 replies
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ProSeries is limiting me to only one SMLLC for my 1040.  What is my best fix for this situation?  Do I file a regular Schedule-C for one and a SMLLC for the other?  Is there an override to this error?

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Best answer by Just-Lisa-Now-

SMLLC is a disregarded entity for federal purposes, you should be able to have multiple Sch Cs that are SMLLCs...is it a state issue?  I know CA will only allow 1 Form 568 for an SMLLC, if you have multiples, youve got to jump through some hoops to prepare and Efile the second one.

2 replies

Just-Lisa-Now-
Intuit Community Champion
December 7, 2019

SMLLC is a disregarded entity for federal purposes, you should be able to have multiple Sch Cs that are SMLLCs...is it a state issue?  I know CA will only allow 1 Form 568 for an SMLLC, if you have multiples, youve got to jump through some hoops to prepare and Efile the second one.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
CornTXAuthor
Level 2
December 7, 2019
Actually, this taxpayer is located in Texas and there is no state tax return required.