TurboTax does very little to help fill out the 568 from.
SMLLC only needs to file side 1, 2, 3 and Schedule IW. Schedule IW has questions regarding interest, dividends, capital gains, etc. It's not very clear to me if these are specific to the business itself (as in, business savings account, business investments, etc - which would make sense) or this is specific to the member.
Below is a snippet for 568 booklet.
Disregarded entities that do not meet the filing requirements to complete Schedule B or Schedule K should prepare Schedule IW by entering the California amounts attributable to the disregarded entity from the member’s federal Schedule B, C, D, E, F (Form 1040), or additional schedules associated with other activities. For example, if an SMLLC has IRC Section 1231 gains, the SMLLC will need to get the amount from the schedule containing that information, such as Schedule D-1, and enter the amount on line 14 of the Schedule IW.
Who is the disregarded entity, me or the SMLLC? I may be misunderstanding the text, but it sounds like they want me to add my personal (nonbusiness) income from investments, interest, etc to 568, i'm just not sure how that makes given given that its....non-business and has nothing to do with the LLC?
