LLC income in CA

Forum|Forum|2 years ago
April 4, 2024
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I have a single member LLC in Texas. During 2023, a portion of my income was from a California based company, and they reported my income on a 1099-NEC. I'm using Turbotax Deluxe (desktop) to prepare my return, and I'm unclear on how to separate my CA based income from the rest of my income in order to prepare my state taxes.

Is this a case of needing a different version of Turbotax to prepare my return, or do I need professional help to do this? If I need a different software version, which one?

PatriciaV

Employee

As long as you can identify the amount of income that was sourced in California, you should be able to complete the California nonresident return. You will need to manually adjust the business income in the state return section. The federal section doesn't have the ability to earmark income by state.

Likewise, for your expenses you can either allocate based on the relative amount of California income or use your actual expenses (like travel) that were tied to the income from California. Reporting expenses would reduce the taxable CA Income.

We recommend that you complete your nonresident return first, then work on your resident return.

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