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Entering the SMLLC Tax on Schedule C for federal only in ProConnect Tax
by Intuit•1• Updated 3 weeks ago
For a Single Memeber LLC, how do I enter the $800 LLC fee as an expense for the Schedule C, but not as an expense for California purposes?
- Go to the Input Return tab.
- On the left-hand navigation menu, select Income > Business Income (Sch C).
- Across the top, select Income Statement
- Scroll down to the Expenses section.
- Scroll down to the Other expenses (Click on button to expand) field.
- Enter the fee Amount and a Description for the federal Schedule C.
- On the left-hand navigation menu, select State & Local ⮕ Modifications ⮕ CA Modifications.
- Enter the fee in the Other additions (Click on button to expand) field to add back the expense amount on the Schedule CA.