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Daryl
New Member

I don't see CA Form 568 on my return for a single-member LLC

Can someone elaborate on the procedure: > state taxes > california  edit > income and adjustment  edit > business profit and loss adjustment  revisit > principal business  edit > yes  

This does not seem to generate Form 568.

I don't see CA Form 568 on my return for a single-member LLC

Daryl
New Member

I don't see CA Form 568 on my return for a single-member LLC

Thanks.  So, by this response, the only option is a fillable form from CA FTB and TurboTax cannot complete this form, even to some extent.

I don't see CA Form 568 on my return for a single-member LLC

"Is <name> owned by a single member LLC?" is deceptive because it appears to be asking if the SMLLC is owned by *another* SMLLC. I'd prefer the wording to be "Is <name> a single-member LLC? There are a number of questions relating to ownership and membership of the LLC on form 568 and I thought Turbotax was asking about something else.

I don't see CA Form 568 on my return for a single-member LLC


1. If you've already filed click ADD a State to get back into your return.
2. Select State from the menu.
3. Click the edit next to California.
4. Click the edit next to Income and Adjustments
5. Click the revisit next to Business Profit and Loss Adjustment
6. Select your Principal business
7. You should get a Is <name> owned by a single member LLC?. Click Yes. That activates the Form 568 and populates it with as much information from the Calif Sch C Worksheet as it can.

I don't see CA Form 568 on my return for a single-member LLC

could you try that again in english, please???

I don't see CA Form 568 on my return for a single-member LLC

WHERE do you find the opportunity  to CORRECT THIS remarkably  difficult conundrum.?

 

Can you  PLEASE identify EXACTLY what screen or tab one must be looking at?

 

2 hours in and this is crazymaking. 

I don't see CA Form 568 on my return for a single-member LLC

@shandlos  @modix   The prior posts are very old.  When they migrated to this new forum layout all the old posts got dated in June 2019 and the screen shots were deleted.  So these could be several years old and not current.

 

What is your question?  Is it about California form 568?  Do you need to turn it off?  

 

lucaso
New Member

I don't see CA Form 568 on my return for a single-member LLC

Thank you So Much!!!!, just spend 35 minutes with a TurboTax advisor who had issues by connecting remotely, was not able to provide an answer regarding 568, finally I paid again for the State $44.99 and nothing worth. Just found your solution and Vualá! 

I don't see CA Form 568 on my return for a single-member LLC

Hi SweetJean,

I have QBI under one LLC. After enter all my income, Turbotax created two Form 568s under the same name and EIN no. One F568 is for my business and another one is for my rents. Do you know why?

Many thanks,

Lisa

ThomasM125
Expert Alumni

I don't see CA Form 568 on my return for a single-member LLC

There are restrictions on deducting losses from rental activities that do not apply to business losses. I believe that is why you have separate form 568's. 

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ylroth
New Member

I don't see CA Form 568 on my return for a single-member LLC

@tony glandil Thank you! Shameful that TT makes this so difficult. I paid hundreds in late fees because they suddenly decided to remove the 568 form from tax printouts a few years ago and I didn't notice until I got the notices from FTB.

I don't see CA Form 568 on my return for a single-member LLC

Thank you so much!!! This was the most helpful response. You literally saved me!!!

amyj6
New Member

I don't see CA Form 568 on my return for a single-member LLC

You my friend are a godsend! 

I don't see CA Form 568 on my return for a single-member LLC

THANK YOU! whoever provided the solution you literally saved my life. And to contribute a little more tips:

-go to CA return, pull out the business info, edit.

-after confirming a few more screens (e.g. for me it's asking me to confirm my business assets), click yes.

-it gets you a screen "is <your business name> a single member LLC, click yes.

 

To validate, I suggest you go "View" on the top navigator, click "Form" (later you can switch back the view to "Step-by-Step"):

-the "Form" view mode display all Forms, go down CA list and validate if Form 568 is included there.

-if you see Form 568 with a red "!" and says "Not Done", it means you've errors, click on the Form and fix all the missing errors. I found the Form view mode is easier to capture and fix errors.

 

Make sure you save and let it refresh. Again, thank you for the user who provided the initial solution:)

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