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.
