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Retirement tax questions
I am using online Turbo Tax - self-employed. I think it generates a 1040 and Schedule C for the Federal. I automatically generates the Form 568 with the California State Returns. That Form 568 however, prefills the $800 annual tax due for 2021. If I try to change that to $0, it continually reverts back to the $800. I had a recent chat with the FTB and they confirmed that any LLC formed on or after 01/01/2021 is exempt for the first year from paying the 800.00. How can I get Turbo Tax to accept this change?
March 15, 2022
7:01 PM