How can I add California Schedule K-1 (568) for each additional LLC member?

[arbir]

I and my wife have LLC in California. I have full time job and sometime help my wife with her business. As she is the active member, so filing single Schedule C and SE for her with all income and expenses under her account. But while filling Form 568 for state, there is a question for maximum number of members. I have update that number to 2 but how do I add California Schedule K-1 (568) for myself? I don't see any option in TurboTax.

[DavidS127]

As I understand your situation, your wife filed a Schedule C on your individual (Form 1040) tax return to report the income from her LLC.  Your wife is only able to report her LLC income on Schedule C if the LLC is a single member LLC treated as a disregarded entity by the IRS.

If in fact the LLC is a multi-member LLC (e.g., you and your wife) the LLC must file a federal partnership tax return (Form 1065) and send each member a K-1.  Those K-1s  (instead of Schedule C) is how the LLC income would be reported on your individual tax return.  If this is your circumstance, you'll need TurboTax Business to complete the Form 1065 for the LLC.

Your California Form 568 would be completed accordingly (i.e., either one member or two member).