HOPE2
Level 9
02-26-2023
06:27 PM
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Hell to all. I completed single member LLC thru FED sch C and marked it is CA LLC.
I was wondering why I have sch K and on column b ; Amounts from federal k (1065): line 1 has an amount equal net income of sch C. This is single mem LLC and 568 booklet says when income is more than $300000 should have sch k. I am confused that why sch k is generated. Also, I entered number 1 for line k on 568 pg1-4.
The courtesy of a reply would be appreciated.
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