Drake Tax - CA - Form 568 - Single Member LLC
Article #: 11773
Last Updated: October 18, 2024
You can generate and e-file a Single Member LLC using either a 1065 or 1040 return.
Important If depreciation, amortization, or depletion needs to be reported on the CA SMLLC, the return must be created and filed using a 1065 return. Form 3885L cannot be generated or e-filed in the individual return (EF Message 2847 generates indicating this limitation).
If you are filing the CA SMLLC using a 1065 return, you do not have to clear federal EF Message 0220 in order to e-file the CA Form 568. All other federal EF Messages must be cleared. You cannot e-file the federal 1065 return with this EF Message; only the CA Form 568 can be transmitted.
1040
In the 1040 package, a CA SMLLC is generated by following these steps:
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On the C, E, or F screen, enter an identifying number (1-999) for the LLC in the LLC#. For example, on the first LLC for a return, enter a 1 in the LLC# box.
Note The LLC# box on screens C and F is on the Carryovers/State Info tab.
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Go to the CA > Single Member LLC tab.
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On the DEMO screen, enter the same identifying number in the SMLLC Number box. Complete any other needed fields.
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Complete any other necessary screens on the Single Member LLC tab for each SMLLC. You must enter a number in the SMLLC Number box when you create the screen, or the information will not be carried to the return.
Tip Press Page Down to create an additional instance of each screen as needed.
After all EF Messages are cleared, a CA SMLLC can be e-filed. Review the Calculation Results window to ensure that each SMLLC on the return is eligible for e-filing (they will be listed as CALLC01, CALLC02, etc.).
To e-file only the CALLC returns, select CA LLC in the State E-file Override drop list on the EF screen.