Vanessa A
Expert Alumni

Business & farm

California does not have a Schedule K other than the K-1.  Sometimes the K-1 is called a Schedule-K, but this is the same form.   A search of the CA Franchise Tax Board reveals only Schedule K-1s.  

 

I do believe I see what you are looking at...the top of some of the pages in the 568 that say Schedule K Members Shares of Income, Deductions, Credits, Etc.  If you compare the information on that to the K-1 Members Shares of Income, Deductions, Credits, Etc. , you will see they match up line by line and are the same thing. 

 

I see I have Schedule k (not K1) and on column b says: Amounts from federal K (1065) I am confused for this subject on column b which is net income of Schedule C. Why it says inside parentheses (1065)      Because you are not a partnership, you did not file a form 1065.  If you were an LLC Partnership for federal tax purposes, you would need to file the 1065 instead of a Schedule C. Since you are not, the number comes from your Schedule C instead of the 1065. It would be the same numbers, just different forms. 

 

California tax law sometimes does not match up with Federal Tax law.  In your situation, form names are not lining up because you are a single member LLC, but the numbers are which is what is important. 

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