Question	Answer
Form Name	2016 Ca Form 568
Form Length	7 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min 45 sec
Other names	form 568 2018, form ca 568 instructions, form 568 california 2018, california form 568 online

TAXABLE YEAR	Limited Liability Company		CALIFORNIA FORM

2020		568
	Return of Income

1	Total income from Schedule IW, Limited Liability Company Income Worksheet. See instructions	•
2	Limited Liability Company fee. See instructions	•
3	2020 annual Limited Liability Company tax. See instructions	•
4	Nonconsenting nonresident members’ tax liability from Schedule T (Side 4)	•
5	Partnership level tax. If IRS concluded a centralized audit for this year, see instructions. If not, leave blank	•
6	Total tax and fee. Add line 2, line 3, line 4, and line 5	•
7	Amount paid with form FTB 3537 and 2020 form FTB 3522 and form FTB 3536	•
8	Overpayment from prior year allowed as a credit	•
9	Withholding (Form 592-B and/or 593)	•
10	Total payments. Add line 7, line 8, and line 9	•
11	Use tax. This is not a total line. See instructions	•
12	Payments balance. If line 10 is more than line 11, subtract line 11 from line 10	•
13	Use tax balance. If line 11 is more than line 10, subtract line 10 from line 11	•

	Whole dollars only

1		00
2		00
3		00
4		00
5		00
6		00
7		00
8		00
9		00
10		00
11		00
12		00
13		00



								Whole dollars only
					. . . . . . •
		14 Tax and fee due. If line 6 is more than line 12, subtract line 12 from line 6	. . .	. . .	. . . . . . •	14						00
		15 Overpayment. If line 12 is more than line 6, subtract line 6 from line 12	. . .	. . .	. . . . . . •	15						00
		16 Amount of line 15 to be credited to 2021 tax or fee	. . .• 17. . .		. . . . . . •	16						00
		17 Refund. If the total of line 16 is less than line 15, subtract the total from line 15	. . .• 17. . .							.	00
					. . . . . . •
		18 Penalties and interest. See instructions	. . .	. . .	. . . . . . •	18						00
		19 Total amount due. Add line 13, line 14, line 16, and line 18, then subtract line 15 from the result. .	• 19						. 00

J Principal business activity code (Do not leave blank)			. . . . . .		. . . . . . . . .	. .	•
	Business activity ________________________ Product or service _____________________________
K Enter the maximum number of members in the LLC at any time during the year. For multiple member LLCs, attach a							•

	California Schedule K-1 (568) for each of these members		. . . . . .		. . . . . . . . .	. .
	California Schedule K-1 (568) for each of these members
L	Is this LLC an investment partnership? See General Information O		. . . . . .		. . . . . . . . .	. .	•  Yes  No
M	(1)	Is this LLC apportioning or allocating income to California using Schedule R?	. . . . . .		. . . . . . . . .	. .	•  Yes  No
	(2)	If “No,” was this LLC registered in California without earning any income sourced in this state during the taxable year? .				. .	•  Yes  No
N Was there a distribution of property or a transfer (for example, by sale or death) of an LLC interest during the taxable year? .						. .	•  Yes  No
P	(1)	Does the LLC have any foreign (non-U.S.) nonresident members?	. . . . . .		. . . . . . . . .	. .	•  Yes  No
	(2)	Does the LLC have any domestic (non-foreign) nonresident members?	. . . . . .		. . . . . . . . .	. .	•  Yes  No
	(3)	Were Form 592, Form 592-A, Form 592-B, Form 592-F, and Form 592-PTE filed for these members?	. . . . . .		. . . . . . . . .	. .	•  Yes  No
Q Are any members in this LLC also LLCs or partnerships?			. . . . . .		. . . . . . . . .	. .	•  Yes  No
R	Is this LLC under audit by the IRS or has it been audited in a prior year?		. . . . . .		. . . . . . . . .	. .	•  Yes  No
S	Is this LLC a member or partner in another multiple member LLC or partnership?		. . . . . .		. . . . . . . . .	. .	•  Yes		 No
	If “Yes,” complete Schedule EO, Part I.
T	Is this LLC a publicly traded partnership as defined in IRC Section 469(k)(2)?		. . . . . .		. . . . . . . . .	. .		 Yes  No
U	(1)	Is this LLC a business entity disregarded for tax purposes?	. . . . . .		. . . . . . . . .	. .	•  Yes		 No
	(2)	If “Yes,” see instructions and complete Side 1, Side 2, Side 3, Schedule B, Side 5, and Side 7, if applicable. Are there					•  Yes		 No
		credits or credit carryovers attributable to the disregarded entity?	. . . . . .		. . . . . . . . .	. .	•  Yes		 No
	(3)	If “Yes” to U(1), does the disregarded entity have total income derived from or attributable to California that is less than						 Yes	 No
		the LLC’s total income from all sources?	. . . . . .		. . . . . . . . .	. .		 Yes	 No
V	Has the LLC included a Reportable Transaction, or Listed Transaction within this return?						•  Yes  No
	(See instructions for definitions). If “Yes,” complete and attach federal Form 8886 for each transaction. . .		. . . . . .		. . . . . . . . .	. .	•  Yes  No
W Did this LLC file the Federal Schedule M-3 (federal Form 1065)?			. . . . . .		. . . . . . . . .	. .	•  Yes  No
X	Is this LLC a direct owner of an entity that filed a federal Schedule M-3?		. . . . . .		. . . . . . . . .	. .	•  Yes  No
Y	Does the LLC have a beneficial interest in a trust or is it a grantor of a Trust?		. . . . . .		. . . . . . . . .	. .	•  Yes		 No
	If “Yes,” attach schedule of trusts and federal identification numbers.
Z	Does this LLC own an interest in a business entity disregarded for tax purposes?		. . . . . .		. . . . . . . . .	. .	•  Yes		 No
	If “Yes,” complete Schedule EO, Part II.							(continued on Side 3)
								(continued on Side 3)

(continued from Side 2)					. . . . . . . . . . . •  Yes	 No

AA Is any member of the LLC related (as defined in IRC Section 267(c)(4)) to any other member of the LLC?
BB Is any member of the LLC a trust for the benefit of any person related (as defined in IRC Section 267(c)(4))					. . . . . . . . . . . •  Yes  No
	to any other member?		. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	.
CC	(1)	Is the LLC deferring any income from the disposition of assets? (see instructions)			. . . . . . . . . . . •  Yes  No
	(2)	. .If “Yes,” enter the year of asset disposition	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	.	. . . . . . . . . . . •
DD Is the LLC reporting previously deferred Income from:			•  Installment Sale •  IRC §1031	•  IRC §1033 •  Other
	(see instructions)
EE “Doing business as” name. See instructions:			. . . . . • _____________________________________________________________________
FF	(1)	Has this LLC operated as another entity type such as a Corporation, S Corporation, General Partnership,			. . . . . . . . . . . •  Yes	 No
		Limited Partnership, or Sole Proprietorship in the previous five (5) years?

GG (1)	Has this LLC previously operated outside California?	. . . . . . . . . . . . . . . . . . •  Yes  No
(2)	Is this the first year of doing business in California?	. . . . . . . . . . . . . . . . . . •  Yes  No
Single Member LLC Information and Consent — Complete only if the LLC is disregarded.		• Federal TIN/SSN

Sole Owner’s name (as shown on owner’s return)		FEIN/CA Corp no./CA SOS File no.
•

Signature ▶			Date
	To learn about your privacy rights, how we may use your information, and the consequences for not providing the requested information, go to ftb.ca.gov/forms
	and search for 1131. To request this notice by mail, call 800.852.5711.
	Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
	belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign	Signature		Date
Sign	of authorized		Date
Here	member or			Telephone
	manager ▶			•
	Authorized member or manager’s email address (optional)			•
	Paid	Date	Check if	PTIN
	preparer’s		Check if
	preparer’s		self-employed •	•
Paid	signature ▶		self-employed •	•
Preparer’s				Firm’s FEIN
Use Only	Firm’s name (or yours,			•
	if self-employed) ▶			•
	if self-employed) ▶			Telephone
	and address			Telephone
				•
	May the FTB discuss this return with the preparer shown above (see instructions)?. . . . . . . . . . . • • Yes • No

1	. . . . . . . . . . . . . . . . .Inventory at beginning of year			. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . .	1		00
2	Purchases less cost of items withdrawn for personal use				. . . . . . . . . . . . . . . . . .	2		00
3	Cost of labor		. . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . .	3		00
4	Additional IRC Section 263A costs. Attach schedule			. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . .	4		00
5	Other costs. Attach schedule			. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . .	5		00
6	Total. Add line 1 through line 5			. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . .	6		00
7	Inventory at end of year			. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . .	7		00
8	Cost of goods sold. Subtract line 7 from line 6. Enter here and on Schedule B, line 2				. . . . . . . . . . . . . . . . . .	8		00
9	a	Check all methods used for valuing closing inventory:
		(1) • Cost	(2) • Lower of cost or market as described in Treas. Reg. Section 1.471-4		(3) • Write down of “subnormal” goods as
		described in Treas. Reg. Section 1.471-2(c)		(4) • Other. Specify method used and attach explanation ___________________________
	b	Check this box if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 .					. . . . . . . . . •
	c	Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the LLC?					. . . . . . . . . • Yes • No

	1	. . . . .a Gross receipts or sales $ ____________ b Less returns and allowances $ ____________ .	c Balance
	2	Cost of goods sold (Schedule A, line 8)	. . . . . . . .
	3	GROSS PROFIT. Subtract line 2 from line 1c	. . . . . . . .
	4	Total ordinary income from other LLCs, partnerships, and fiduciaries. Attach schedule	. . . . . . . .
<![endif]>Income	5	Total ordinary loss from other LLCs, partnerships, and fiduciaries. Attach schedule	. . . . . . . .
<![endif]>Income	7	Total farm loss. Attach federal Schedule F (Form 1040)	. . . . . . . .
	6	Total farm profit. Attach federal Schedule F (Form 1040)	. . . . . . . .
	8	Total gains included on Schedule D-1, Part II, line 17 (gain only)	. . . . . . . .
	9	Total losses included on Schedule D-1, Part II, line 17 (loss only)	. . . . . . . .
	10	Other income. Attach schedule	. . . . . . . .
	11	Other loss. Attach schedule	. . . . . . . .
	12	Total income (loss). Combine line 3 through line 11	. . . . . . . .
	13	Salaries and wages (other than to members)	. . . . . . . .
	14	Guaranteed payments to members	. . . . . . . .
	15	Bad debts	. . . . . . . .
<![endif]>Deductions	16	Deductible interest expense not claimed elsewhere on return	. . . . . . . .
<![endif]>Deductions	19	Retirement plans, etc	. . . . . . . .
	17	a Depreciation and amortization. Attach form FTB 3885L $ _________________
		b Less depreciation reported on Schedule A and elsewhere on return $ _________________	c Balance
	18	Depletion. Do not deduct oil and gas depletion	. . . . . . . .
	20	Employee benefit programs	. . . . . . . .
	21	Other deductions. Attach schedule	. . . . . . . .
	22	Total deductions. Add line 13 through line 21	. . . . . . . .
	23	Ordinary income (loss) from trade or business activities. Subtract line 22 from line 12	. . . . . . . .

			from line 3a									3c	
			from line 3a	. . . . . . . . . . . . . .		. . . .	. . . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.		3c
<![endif]>(Loss)	4	Guaranteed payments to members									4		
	4	Guaranteed payments to members					. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.	4
	5	Interest income									5		
	5	Interest income		. . . . . . . . . .	. . . .	. . . .	. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.	5
	6	Dividends									6		
<![endif]>Income													
				. . . . . . . . . .	. . . .	. . . .	. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.
	7	Royalties									7		
	7	Royalties		. . . . . . . . . .	. . . .	. . . .	. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.	7
	8	Net short-term capital gain (loss). Attach Schedule D (568)									8		
													
										.
	9	Net long-term capital gain (loss). Attach Schedule D (568)									9		
	9	Net long-term capital gain (loss). Attach Schedule D (568)								.	9
	10	a Total gain under IRC Section 1231 (other than due to casualty or theft) .										10a	
	10											10a
		b Total loss under IRC Section 1231 (other than due to casualty or theft) .										10b	
												10b
	11	a Other portfolio income (loss). Attach schedule .						. . . . . . . . . . . . . .	. . . .	.		11a	•
		b Total other income. Attach schedule						. . . . . . . . . . . . . .	. . . .	.		11b	•
		c Total other loss. Attach schedule . .					. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.		11c
	12	Expense deduction for recovery property (IRC Section 179). Attach schedule									12
<![endif]>Deductions	13	. . . . . . . . .a Charitable contributions. See instructions. Attach schedule								.		13a
		b	Investment interest expense					. . . . . . . . . . . . . .	. . . .	.		13b	
		c	1 Total expenditures to which IRC Section 59(e) election may apply .							.		13c1
			2 Type of expenditures									13c2
		d Deductions related to portfolio income						. . . . . . . . . . . . . .	. . . .	.		13d
		e Other deductions. Attach schedule.					. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.		13e	•
	15	a Withholding on LLC allocated to all members						. . . . . . . . . . . . . . .	. . . .	.		15a
		b	Low-income housing credit					. . . . . . . . . . . . . .	. . . .	.		15b
<![endif]>Credits		c Credits other than the credit shown on line 15b related to rental real										15c
			estate activities. Attach schedule . .				. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.		15c
		d Credits related to other rental activities. Attach schedule										15d
										.		15d
		e Nonconsenting nonresident members’ tax paid by LLC								.		15e
		f Other credits. Attach schedule . . . .					. . . . . . . . . .	. . . . . . . . . . . . . .	. . . .	.		15f	
<![endif]>Alternative Minimum Tax (AMT) Items	17	a Depreciation adjustment on property placed in service after 1986								.		17a
		b Adjusted gain or loss						. . . . . . . . . . . . . .	. . . .	.		17b

				Beginning of taxable year			End of taxable year

		Assets		(a)	(b)	(c)		(d)
1	Cash
2	. . . . . . . . . . .a Trade notes and accounts receivable
	b	Less allowance for bad debts	(	)		(	)
3	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Inventories							
4	. . . . . . . . . . . . . . . . . . . .U.S. government obligations
5	. . . . . . . . . . . . . . . . . . . . . . . . .Tax-exempt securities
6	. . . . . . . . . . . . .Other current assets. Attach schedule							
7	. . . . . . . . . . . . . . . . . .Mortgage and real estate loans
8	. . . . . . . . . . . . . . .Other investments. Attach schedule							
9	. . . . . . . . .a Buildings and other depreciable assets
	b	Less accumulated depreciation	(	)	•	(	)	
10	a	Depletable assets
	b	Less accumulated depletion	(	)		(	)
11	Land (net of any amortization)				•			
12	. . . . . . . . . . .a Intangible assets (amortizable only)
	b	Less accumulated amortization	(	)		(	)
13	. . . . . . . . . . . . . . . . . . .Other assets. Attach schedule							
14	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total assets
	Liabilities and Capital
15	Accounts payable							
16	. .Mortgages, notes, bonds payable in less than 1 year							
17	. . . . . . . . . . .Other current liabilities. Attach schedule
18	All nonrecourse loans				•			
19	Mortgages, notes, bonds payable in 1 year or more . .				•			
20	. . . . . . . . . . . . . . . . .Other liabilities. Attach schedule							
21	Members’ capital accounts				•			
22	. . . . . . . . . . . . . . . . . . . . . .Total liabilities and capital

1	Balance at beginning of year			5	Total of line 1 through line 4
2	Capital contributed during year		6		Distributions: a Cash	
	a Cash				b Property	
	. . . . . . . . . . . . . . . . .b Property			. . . . . . . . . . . . . . . . . . . . . .7 Other decreases. Itemize		
3	. . . . . . . . . . . . . . . . .Net income (loss) per books . .			8	. . .Total of line 6 and line 7
4	. . . . . . . . . . . . . . . . .Other increases. Itemize			. . .9 Balance at end of year. Subtract line 8 from line 5

•		1c		00
•		1c		00
•		2		00
•		3		00
•		4		00
•		5		00
•		6		00
•		7		00
•		8		00
•		9		00
•		10		00
•		11		00
•		12		00
•		13		00
•		14		00
•		15		00
•		16		00
•		17c		00
		18		00
		19		00
•		20		00
•		21		00
•		22		00
•		23		00

	(a)		(b)	(c)	(d)
	Distributive share items		Amounts from	California	Total amounts using
			federal K (1065)	adjustments	California law
1	Ordinary income (loss) from trade or business activities	1			•
2	Net income (loss) from rental real estate activities. Attach federal Form 8825	2			•
3	a Gross income (loss) from other rental activities	3a			•
	b Less expenses. Attach schedule	3b

1	Net income (loss) per books	. . . . . . . . . . . . . . .	.		6	Income recorded on books this year not included on
2	Income included on Schedule K, line 1 through line 11c					Schedule K, line 1 through line 11c. Itemize:
	not recorded on books this year. Itemize					a Tax-exempt interest	$ ______________
3	. . . . . .Guaranteed payments (other than health insurance)		.			b Other	$ ______________
4	Expenses recorded on books this year not included on					c Total. Add line 6a and line 6b	. . . . . . . . . . . . . . . . 
	Schedule K, line 1 through line 13e. Itemize:			7		Deductions included on Schedule K, line 1 through line 13e
	a Depreciation	$ ______________				not charged against book income this year. Itemize:
	b Travel and entertainment	$ ______________				a Depreciation	$ ______________
	c Annual LLC tax	$ ______________				b Other	$ ______________
	d Other	$ ______________				c Total. Add line 7a and line 7b	. . . . . . . . . . . . . . . . 
	. .e Total. Add line 4a through line 4d.	. . . . . . . . . . . . . . .			8	Total. Add line 6c and line 7c	. . . . . . . . . . . . . . . . .
5	Total of line 1 through line 4e	. . . . . . . . . . . . . . .	.	9		Income (loss) (Schedule K, line 21a.) Subtract line 8 from line 5.


Type of entity: • (1) C Corporation • (2) S Corporation	• (3) Partnership • (4) Limited Partnership • (5) Sole Proprietor • (6) Farmer
Entity identification number(s): FEIN __________________ SSN or ITIN __________________ CA Corp. No. _________________ CA SOS File No.
Amount of liquidation gains recognized to capitalize the LLC . .	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  ___________________

1	a Total California income from Form 568, Schedule B, line 3. See instructions	•	1a
	b Enter the California cost of goods sold from Form 568, Schedule B, line 2 and from federal
	Schedule F (Form 1040) (plus California adjustments) associated with the receipts	•
	assigned to California on lines 1a and 4	•	1b
2	a If the answer to Question U(1) on Form 568 Side 2, is “Yes”, include the gross income of this
	disregarded entity that is not included in lines 1 and 8 through 16	•	2a
	b Enter the cost of goods sold of disregarded entities associated with the receipts assigned to
	California on line 2a	•	2b
3	a LLC’s distributive share of ordinary income from pass-through entities	•	3a

associated with the receipt assigned to California on line 3a (see Schedule K-1s (565),
Table 3, line 1a)	• 3b

		the receipt assigned to California on line 3a (see Schedule K-1s (565), Table 3, line 1b)	•	3c
4	Add gross farm income from federal Schedule F (Form 1040). Use California amounts		•	4
5	Enter the total of other income (not loss) from Form 568, Schedule B, line 10		•	5
6	Enter the total gains (not losses) from Form 568, Schedule B, line 8		•	6
7	Add line 1a through line 6		. . .	. . . . . . . . . . . . . . . • 7
8	California rental real estate
	a	Enter the total gross rents from federal Form 8825, line 18a	•	8a
	b	Enter the total gross rents from all Schedule K-1s (565), Table 3, line 2	•	8b
	c	Add line 8a and line 8b	. . .	. . . . . . . . . . . . . . . • 8c
9	Other California rentals.
	a	Enter the amount from Schedule K (568), line 3a	• 9a
	b	Enter the amount from all Schedule K-1s (565), Table 3, line 3	• 9b
	c	Add lines 9a and 9b	. . .	. . . . . . . . . . . . . . . • 9c
10	California interest. Enter the amount from Form 568, Schedule K, line 5		. . .	. . . . . . . . . . . . . . . • 10
11	California dividends. Enter the amount from Form 568, Schedule K, line 6		. . .	. . . . . . . . . . . . . . . • 11
12	California royalties. Enter the amount from Form 568, Schedule K, line 7		. . .	. . . . . . . . . . . . . . . • 12

	Schedule K, lines 8 and 9	• 13
14	California 1231 gains. Enter the amount of total gains (not losses) from Form 568, Schedule K, line 10a	• 14
15	Other California portfolio income (not loss). Enter the amount from Form 568, Schedule K, line 11a	•	15
16	Other California income (not loss) not included in line 5. Enter the amount from Form 568, Schedule K, line 11b	•	16

2016 Ca Form 568 – Fill Out and Use This PDF

2016 Ca Form 568 PDF Details

Form Preview Example

How to Edit 2016 Ca Form 568 Online for Free

Watch 2016 Ca Form 568 Video Instruction

2016 Ca Form 568 isn’t the one you’re looking for?

Related Documents

Related Resources

•		1c		00
•		1c		00
•		2		00
•		3		00
•		4		00
•		5		00
•		6		00
•		7		00
•		8		00
•		9		00
•		10		00
•		11		00
•		12		00
•		13		00
•		14		00
•		15		00
•		16		00
•		17c		00
		18		00
		19		00
•		20		00
•		21		00
•		22		00
•		23		00