I have a rental property under a single member LLC. How do I respond to " Is this LLC apportioning or allocating income to CA using schedule R?" in Turbotax

[amyonghwee]

In previous never have to answer this. Any advice will be appreciated!

[PatriciaV]

If your SMLLC had income from both inside and outside California, you are required to apportion that income using Schedule R. Otherwise, you would not need to use this schedule.

For more information see: California Instructions for Schedule R

[amyonghwee]

Thanks.

I have another question on "Enter Total Assets at End of Year". 

Enter rental property value ???

[PatriciaV]

This was answered in your other post. 

If the rental property is your only asset at year end, the adjusted basis (cost less depreciation) would be your ending asset value. However, if you have other assets (cash, for instance) in the company, your total assets would be more.