Yes, that is correct. Report everything on Schedule E as if the SMLLC had not occurred.
And yes, you should file the CA Form 568 and you can divide the total year in half for that return since the LLC was not formed until July.
- Review the procedures in CA Form 568 Instructions (specifically SMLLC references)
- 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.
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