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semir-haddad
New Member

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
2 Replies
PatriciaV
Employee Tax Expert

Is the california state franchise tax deductible ?

Yes, State Franchise Taxes are deductible to your business under Business Expenses >> Taxes & Licenses.

xmlcities
Returning Member

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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