NYS now requires that a single member LLC using TurboTax file form IT-204-LL electronically. But, where is this form? Thank you.

Forum|Forum|1 year ago
March 10, 2025
3 replies
12 views

Using the Home & Business desktop version together with the "quick employer forms" online.

TurboTax Online

PatriciaV

Level 15

New York Form IT-204-LL is available in the state partnership module for TurboTax Business. According to the Forms Availability Table for TurboTax Business, this form is available for both e-filing and filing by mail.

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Opus 17

Level 15

@PatriciaV wrote:

New York Form IT-204-LL is available in the state partnership module for TurboTax Business. According to the Forms Availability Table for TurboTax Business, this form is available for both e-filing and filing by mail.

If that form is only in Turbotax Business, that means that Turbotax (personal version) can't prepare a tax return for a single member LLC as a disregarded entity. Something seems wrong about that. Either NY screwed up, or Turbotax is missing important functionality.

mctaxpayer

Level 3

I have a single member llc and use the Deluxe version to efile ever year in NY. My llc has its own EIN and everything is reported on Schedule C. Most single member LLC's are treated as an disregarded entity, so I'm going to say this with that in mind --- The one thing you cannot do is efile the NY IT204-LL form with Deluxe or Home&Business, but that's okay as I'm 99% sure you can still paper file and send a check in NY to do this. It may seem like a pain to do these separately but the price is definitely right to just pay for Deluxe or Home&Business.

Rick19744

Level 13

States are looking for all the $$ they can possibly collect.

While a disregarded entity, single member LLC, is required to file the form IT-204-LL, based on the instructions to the form, you are not required to file this form electronically.

The electronic mandate (E-file mandate) in the instructions references "partnerships". Your single member LLC is not a partnership.

I would print off the form and instructions from the NY website, complete the form, include the $25 fee and mail it in. The instructions reflect the mailing address.

Send the form and payment certified mail return receipt.

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.

rjs

Level 15

Form IT-204-LL is not an attachment to your income tax return. It has to be filed separately. The apparent purpose of the form is to collect an annual fee from LLCs and partnerships.