How to Remove Form 568 from Your TurboTax Online Return for Rental Properties?
Asked Apr 1, 20150 views1 answer
I need help getting rid of Form 568 on my California tax return. TurboTax doesn't allow me to access the California state file, and I can't finish my taxes without it. We had a rental property at [REDACTED ADDRESS], but we haven't rented it out for the past three years and don't plan to in the future. I've already expressed my frustration with the software, but I really need guidance on how to resolve this issue. I'm using TurboTax Online.
Understanding Form 568 and Its Implications
Form 568, also known as the "Limited Liability Company (LLC) Return of Income," is required for certain LLCs in California. If you had a rental property, you might have been required to file this form, even if the property has not been rented out in the past few years. However, if you no longer plan to rent out the property, you may be able to avoid filing this form.
Step-by-Step Guide to Remove Form 568 from Your TurboTax Online Return
Step 1: Access Your TurboTax Online Account
- Log in to your TurboTax Online account.
- Navigate to your tax return for the year you are working on.
Step 2: Check Your Business Structure
- Confirm LLC Status: Ensure that your rental property is not classified as an LLC. If it was, you will need to either change its status or formally dissolve the LLC.
- Go to the "Business" section in TurboTax.
- Look for any indication that your rental property is being treated as an LLC.
Step 3: Remove the Rental Property
- Go to the "Income" section of your return.
- Click on "Rental Properties and Royalties."
- Select the rental property you want to remove.
- Look for an option to delete or remove the rental property.
- If you see an "Edit" option, click it and look for a delete option at the bottom.
Expert Answers
H
Heather-Rigell
Answered Apr 1, 2015
To remove Form 568 from your California tax return in TurboTax Online, you first need to check if you actually need to file it. Form 568 is typically required for LLCs, so if you're not operating as an LLC or if your business structure has changed, that could be the reason it's showing up.
If you determine that you don’t need the form, you can go through your TurboTax return and look for the section where you entered your business information. Navigate to the "Business" section and review the details you provided. If you find that you mistakenly indicated that you have an LLC or made an error in your business structure, you can correct that information.
After making the necessary changes, TurboTax should automatically remove Form 568 from your return. If it doesn’t, you might want to double-check all your entries to ensure everything aligns with your current business status.
If you’re still having trouble, consider reaching out to TurboTax support for more personalized assistance. They can help guide you through the process based on your specific situation.
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