Can I deduct the $800 California Franchise Tax fee?

California charges an $800 Franchise Tax fee.

Is it deductible on my federal or state returns and if so, how do I do so?

Thank you

https://www.ftb.ca.gov/businesses/faq/712.shtml

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Can I deduct the $800 California Franchise Tax fee?

yes. on the corporate return on the line for taxes - franchise taxes.

Can I deduct the $800 California Franchise Tax fee?

but where it that?

Can I deduct the $800 California Franchise Tax fee?

The California franchise tax fee may be deducted as a business expense under Taxes & Licenses.

See TurboTax here.

@taxesarehellohowareyou

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