California foreign LLC - Spidell

California foreign LLC

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Message Board California foreign LLC

This topic contains 1 reply, has 2 voices, and was last updated by Lynn Freer 2 weeks, 2 days ago.

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  • #183649
    Russ Slater
    Participant

    Taxpayer’s LLC is registered in Alaska. In 2018 he registered in California as a foreign LLC. Taxpayer had no income from California in 2018, but had a sale of property in Hawaii. It is a single member LLC so I know that the income from Hawaii needs to be reported on his California individual return. My question is whether he has to pay $2,500 (based on the gross receipts from the Hawaii sale) on his LLC Form 568 in addition to the $800 estimated tax.

  • #183659
    Lynn Freer
    Participant

    No, the fee only applies to California source income so the sale of Hawaii property doesn’t count and he owes no fee. He only owes the $800 annual tax.