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Is the california state franchise tax deductible ?
Hi There,
I paid the infamous $800 minimal franchise tax for my California LLC. Can I deduct is some ways ?
regards
Sam
I paid the infamous $800 minimal franchise tax for my California LLC. Can I deduct is some ways ?
regards
Sam
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Is the california state franchise tax deductible ?
Yes, State Franchise Taxes are deductible to your business under Business Expenses >> Taxes & Licenses.
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Is the california state franchise tax deductible ?
Only in Federal tax returns?
TurboTax Business does not allow that to be deducted in CA State tax returns. No idea why?
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