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

posted

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Only in Federal tax returns?
TurboTax Business does not allow that to be deducted in CA State tax returns. No idea why?

Do you have an Intuit account?