Drake Tax - Schedules C, E, F: Special Tax Treatment for SMLLC

How to indicate that a Schedule C, E, F, or 4835 is for a Single Member LLC for city or state tax purposes

You can tie federal information to various state returns by entering an identifying number (1-999) for the LLC in the LLC# box on the C, E, F, or 4835 screen, as applicable. For example, on the first LLC for this return, enter a 1 in the LLC# box.

This selection is used for various state returns that recognize a SMLLC selection including:

• California Form 568 (individual return and partnership package)

• Kentucky Form 725

• Philadelphia forms including the NPT and BIRT

• Tennessee form TN FAE 170

• Texas Franchise Report