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Generating a Texas franchise return in the individual module in ProConnect Tax
by Intuit• Updated 3 months ago
To generate a Texas (TX) franchise return in the individual module:
- Go to the Input Return tab.
- Select State & Local, then Texas Franchise Tax.
- Enter the LLC name (MANDATORY).
- Enter the State taxpayer #, the TX Secretary of State #, the 6 digit NAICS code, and the 4 digit SIC code.
- Enter any other applicable information on this screen.
- Select the "+" tab next to New Tab and repeat steps 1–5 for each single-member limited liability company (SMLLC).
- Under State & Local, select Texas Business Activity.
- Select the LLC name from the dropdown menu.
- Select the Business activity form from the dropdown menu.
- Enter your Business activity name or nuber.
- Select the "+" tab and repeat steps 6–10 for any other SMLLC.
Multiple TX LLCs can now be e-filed in PTO starting in Tax Year 2022.