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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.
could you try that again in english, please???
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.
@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?
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!
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
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.
@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.
Thank you so much!!! This was the most helpful response. You literally saved me!!!
You my friend are a godsend!
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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