Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Suppress K-1 for SMLLC CA Return

joshforsyth2019
Level 1

Is it possible to suppress the K-1 for a SMLLC California return since it is not required to be filed with Form 568 for SMLLCs?

0 Cheers
6 Comments 6
abctax55
Level 15

What software are you using?

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
joshforsyth2019
Level 1

Lacerte

0 Cheers
abctax55
Level 15

I do the SMLLC F 568 thru the individual program, and a K-1 isn't generated.

I assume you are using the partnership module; I don't know if there's a way to suppress a K-1 using it.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers
abctax55
Level 15

Screen 37.011 > Sections > the last one "Single Member LLC" > check the first box (Single member LLC).

This seems to make the K-1 disappear.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
stun
Level 1

I checked the first box ( Single member LLC); however, Page 4 and 5 of Form 568( Schedule A, B & T and Schedule K) still show up. I think it is a software error in 2023 year because there are only a few of my SMLLC returns which have this issue. Are there any ways to remove these page? 

0 Cheers
abctax55
Level 15

@stun 

This is a two year old post.....

What software are you using?

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers