single member LLC

[PMack808]

As a single member LLC I use 1040 Schedule C for expenses but it does not help me to file the State Tax return Form 568.

I used the self employed Turbo Tax.  Which version should I use?

Please help

[DawnC]

TurboTax can file CA Form 568 in most cases.    And the Self-Employed version is the correct version to use.     Forms Availability   Have you gone through the entire CA return in TurboTax Online yet?   Did you print and save your return?  

[PMack808]

I file a Sch C for my notary business, and one for my music business and one for my insurance sales business. I also did all of my SINGLE MEMBER LLC business expenses on Schedule C.

The problem is that for my first year as an LLC, from 2020 to 2022 the form 568 never came up to complete it for the State of CA.

I see another Turbo Tax version but it shows as a version for a multi member LLC.

So, how do I go back and amend 2020 and 2021 to include form 568 for the LLC with help from Turbo Tax.  I am still trying to finish 2022 but again no help for the LLC part.

Please advise.

[DaveF1006]

As you navigate through each return, is there ever a screen that asks 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. 

@PMack808 

[aadd]

Does Turbotax Desktop also activates the Form 568 and populates it with as much information from the Calif Sch C Worksheet as it can. Is this True for Turbotax Home & Business Desktop version also?

I have a husband and wife CA LLC. My understanding is that the Federal Govt considers husband & wife LLC as single member LLC (SMLLC) in state of CA.

An SMLLC is disregarded for Federal tax, so my understanding is I will not file only Sch C on personal.
Plus I am required to file a form 568 for CA.

Typically I would use Turbotax Business for Federal return, and Turbo uses that info to create an appropriate State business return. But here this is unusual case where there is no separate Federal return (except Sch C on personal) but state still requires filing a business return from LLC (568). How to handle this scenario in Turbotax desktop? I have purchased both "Turbotax Business Desktop (windows) 2024" as well as "Turbotax Home & Business Desktop (windows) 2024"
Thanks.

[MonikaK1]

TurboTax Home & Business will prepare one California Form 568 for Schedule C filers and e-file it together with your California Form 540. Enter your EIN in the Schedule C section.

You should see a question in the California section asking whether you have a single-member LLC. Answer Yes. See screenshot below:

Form 568 must be filed by every LLC that is not taxable as a corporation if any of the following apply:

• The LLC is doing business in California.
• The LLC is organized in California.
• The LLC is organized in another state or foreign country, but registered with the California SOS.
• The LLC has income from California sources.

Form 568 can either be e-filed or mailed to:

Franchise Tax Board

PO Box 942857

Sacramento, CA 94257-0501

@aadd