Form 568, LLC Income Return Instructions

Enter Yes or No to indicate whether any member of the LLC is related to any other member as defined in IRC Section 267(c)(4); if Yes, you may also enter the related member's name or a brief description of the relationship in this field.

Select 'Yes' or 'No' for the question related to the LLC's status or activity for the year 2030.

Check this box if the LLC uses the cash method of accounting for tax purposes.

Check this box if the LLC uses the accrual method of accounting for tax purposes.

Check this box if the LLC uses an accounting method other than cash or accrual and will attach an explanation.

Enter the number of members that are corporations.

Enter the number of individual members classified as active.

Enter the number of individual members classified as passive.

Enter the number of members that are partnerships.

Enter the number of members that are exempt organizations.

Enter the number of members that are nominees or other entity types not listed elsewhere.

Enter the number of members that are limited liability companies (LLCs).

Enter the year in which the LLC disposed of the asset(s) for which income is being deferred.

Enter the date the authorized member or manager signed the form.

Enter the authorized member or manager's email address, if available.

Enter the authorized member or manager's telephone number.

Enter "Yes" in this box if at least one member of the LLC is a trust for the benefit of a person related (as defined in IRC Section 267(c)(4)) to any other member.

Enter "No" in this box if no member of the LLC is a trust for the benefit of a person related (as defined in IRC Section 267(c)(4)) to any other member.

Enter the California total gains (not losses) from Form 568, Schedule K, line 10a.

Enter the California capital gains (not losses) included in the amounts from Form 568, Schedule K, lines 8 and 9.

Enter the California dividends amount taken from Form 568, Schedule K, line 6.

Enter the California interest amount from Form 568, Schedule K, line 5.

Enter the total gross rents attributable to California from federal Form 8825, line 18a.

Enter the total gross rents attributable to California from all Schedule K-1s (565), Table 3, line 2.

Enter the total California rental real estate gross rents by adding the amounts from lines 8a and 8b. Fill only if 'Total gross rents (Form 8825, line 18a)', 'Total gross rents (Schedule K-1s, Table 3, line 2)' have values (all).

Enter the total California royalties amount from Form 568, Schedule K, line 7.

Enter 'Yes' if the LLC is deferring any income from the disposition of assets; otherwise leave blank.

Enter 'No' if the LLC is not deferring any income from the disposition of assets; otherwise leave blank.

Enter the date the LLC began doing business in California.

Enter the total depreciation and amortization amount from form FTB 3885L.

Enter the amount of depreciation that was reported on Schedule A or elsewhere on this return to be subtracted from line 17a.

Enter the net depreciation amount after subtracting line 17b from line 17a. Fill only if 'Depreciation and amortization (Line 17a)', 'Less depreciation reported elsewhere (Line 17b)' are provided (all).

Enter the total salaries and wages paid during the year, excluding any payments made to members.

Enter the total guaranteed payments made to LLC members during the year.

Enter the total deductible bad debts for the year.

Enter the amount of interest expense that is deductible and not claimed elsewhere on the return.

Enter the total depletion expense for this trade or business.

Enter the total deductible contributions to retirement plans, etc., for this trade or business.

Enter the total deductible expense for employee benefit programs for this trade or business.

Enter the total amount of other deductions for this trade or business (attach schedule if required).

Enter the total deductions for this trade or business (add lines 13 through 21).

Enter the ordinary income or loss from this trade or business (subtract total deductions from total income).

Enter the California gross income for this disregarded entity that is not included in lines 1 and 8 through 16, if Form 568 Schedule 2 question U(1) is answered “Yes.” Fill only if 'U (1) Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Enter the cost of goods sold for disregarded entities associated with the receipts assigned to California and included on line 2a.

Enter the fictitious or trade name the LLC uses to do business if different from its legal name.

Enter "Yes" to indicate the LLC has operated as another entity type (e.g., Corporation, S Corporation, General Partnership, Limited Partnership, or Sole Proprietorship) in the previous five years.

Enter "No" to indicate the LLC has not operated as another entity type in the previous five years.

Enter the full name of the fifth nonconsenting nonresident member. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fifth member’s SSN, ITIN, or FEIN. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fifth member’s distributive share of income. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the tax rate applicable to the fifth member. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fifth member’s total tax due amount. Fill only if 'Fifth member distributive share of income', 'Fifth member tax rate' is calculated from all fields.

Enter the amount withheld by the LLC for the fifth member that is reported on Form 592-B. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fifth member’s net tax due after subtracting any withholding. Fill only if 'Fifth member total tax due', 'Tax withheld for fifth member (Form 592-B)' is calculated from all fields.

Enter the full name of the first nonresident member. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the first member’s SSN, ITIN, or FEIN. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the first member’s distributive share of income. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the tax rate used to calculate the first member’s tax due. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the first member’s total tax due. Fill only if 'Distributive Share of Income', 'Tax Rate' is calculated from all fields.

Enter the amount withheld by the LLC for the first member as reported on Form 592-B. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the first member’s net tax due after subtracting withholding from total tax due. Fill only if 'Member Total Tax Due', 'Amount Withheld by LLC (Form 592-B)' is calculated from all fields.

Enter the name of the foreign country for the LLC’s address.

Enter the foreign province, state, or county for the LLC’s address.

Enter the foreign postal code for the LLC’s address.

Enter the total California income amount from Form 568, Schedule B, line 3.

Enter the California cost of goods sold amount from Form 568, Schedule B, line 2 and federal Schedule F (Form 1040) plus any California adjustments associated with receipts assigned to California.

Enter the fourth member’s full name. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fourth member’s taxpayer identification number (SSN, ITIN, or FEIN). Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fourth member’s distributive share of income. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the tax rate applicable to the fourth member. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fourth member’s total tax due. Fill only if 'Distributive Share of Income', 'Tax Rate' is calculated from all fields.

Enter the amount withheld by this LLC for the fourth member as reported on Form 592-B. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the fourth member’s net tax due after subtracting withholding from total tax due. Fill only if 'Total Tax Due', 'Amount Withheld (Form 592-B)' is calculated from all fields.

Enter "Yes" to allow the Franchise Tax Board (FTB) to discuss this tax return with the preparer shown above.

Enter "No" to deny permission for the Franchise Tax Board (FTB) to discuss this tax return with the preparer shown above.

Enter 'Yes' to indicate the LLC has previously operated outside California.

Enter 'No' to indicate the LLC has not previously operated outside California.

Enter 'Yes' to indicate this is the LLC's first year doing business in California.

Enter 'No' to indicate this is not the LLC's first year doing business in California.

Enter 'Yes' if the LLC is a section 721(c) partnership as defined in Treasury Regulations Section 1.721(c)-1T(b)(14); otherwise leave blank or do not enter here.

Enter 'No' if the LLC is not a section 721(c) partnership as defined in Treasury Regulations Section 1.721(c)-1T(b)(14); otherwise leave blank or do not enter here.

Enter "Yes" to indicate that at any time during the tax year there were transfers between the LLC and its members subject to the disclosure requirements of Regulations section 1.707-8.

Enter "No" to indicate that there were no transfers during the tax year between the LLC and its members subject to the disclosure requirements of Regulations section 1.707-8.

Enter the total gross receipts or sales for the business before subtracting any returns or allowances.

Enter the total amount of returns and allowances to be subtracted from gross receipts or sales.

Enter the net amount after subtracting returns and allowances from gross receipts or sales. Fill only if 'Gross receipts or sales', 'Less returns and allowances' are provided (all).

Enter the cost of goods sold amount from Schedule A, line 8. Fill only if 'Schedule A, line 8 – Cost of goods sold' is provided.

Enter the gross profit amount (line 1c balance minus line 2 cost of goods sold). Fill only if 'Balance (net receipts)', 'Line 2 - Cost of goods sold' are provided (all).

Enter the total ordinary income from other LLCs, partnerships, and fiduciaries.

Enter the total ordinary loss from other LLCs, partnerships, and fiduciaries.

Enter the total farm profit amount from federal Schedule F (Form 1040).

Enter the total farm loss amount from federal Schedule F (Form 1040).

Enter the total gains included on Schedule D-1, Part II, line 17 (gain only).

Enter the total losses included on Schedule D-1, Part II, line 17 (loss only).

Enter any other income amount not reported on the lines above (attach schedule if required).

Enter any other loss amount not reported on the lines above (attach schedule if required).

Enter the combined total income or loss for line 12 (combine lines 3 through 11).

Enter whether the LLC has aggregated activities for IRC Section 465 at‑risk purposes (for example, enter 'Yes' if applicable or 'No' if not).

Enter whether the LLC has grouped activities for IRC Section 469 passive activity purposes (for example, enter 'Yes' if applicable or 'No' if not).

Enter 'Yes' if this business entity previously filed an unclaimed property Holder Remit Report with the State Controller's Office.

Enter 'No' if this business entity has not previously filed an unclaimed property Holder Remit Report with the State Controller's Office.

Enter 'Yes' to indicate the LLC is an investment partnership (select the Yes response for question L).

Enter 'No' to indicate the LLC is not an investment partnership (select the No response for question L).

Enter the member’s share of ordinary income or loss from trade or business activities as reported on federal Schedule K (1065).

Enter the California adjustment amount that increases or decreases the federal ordinary income or loss for this item.

Enter the total ordinary income or loss under California law after applying the California adjustment to the federal amount.

Enter the total income amount from Schedule IW (LLC Income Worksheet) to report on line 1.

Enter the amount of overpayment from the prior tax year that is being applied as a credit on line 10.

Enter the amount from federal Schedule K (Form 1065), line 10a, for total gain under IRC Section 1231.

Enter the California adjustment amount for IRC Section 1231 total gain reported on line 10a.

Enter the total amount for California law for IRC Section 1231 total gain on line 10a after applying California adjustments.

Enter the total loss under IRC Section 1231 (other than due to casualty or theft) from the federal Schedule K (Form 1065) for line 10b.

Enter the California adjustment amount related to the IRC Section 1231 total loss reported on line 10b.

Enter the total IRC Section 1231 loss amount for line 10b after applying California adjustments (California law total).

Enter the total amount of California withholding reported on Form 592-B and/or Form 593 to be claimed on line 11.

Enter the amount from federal Schedule K (Form 1065) for line 11a, Other portfolio income (loss).

Enter the California adjustment amount for line 11a, Other portfolio income (loss).

Enter the total amount for line 11a, Other portfolio income (loss), using California law.

Enter the total other income amount reported on federal Schedule K (1065) for line 11b.

Enter the California adjustment amount for total other income on line 11b.

Enter the total other income amount for line 11b after applying California adjustments.

Enter the member’s share of total other loss amount from federal Schedule K (Form 1065) for line 11c.

Enter the California adjustment amount applicable to the member’s share of total other loss on line 11c.

Enter the total member’s share of total other loss for California purposes on line 11c after applying California adjustments.

Enter the federal Schedule K (Form 1065) amount for Line 12 expense deduction for recovery property (IRC Section 179).

Enter the California adjustment amount for Line 12 expense deduction for recovery property (IRC Section 179).

Enter the total Line 12 expense deduction for recovery property amount calculated under California law.

Enter the total payments amount by adding the amounts from lines 8, 9, 10, and 11. Fill only if 'Line 8 Amount Paid (FTB 3537 and 2023 FTB 3522/3536)', 'Line 9 – Amounts Paid for Pass-through Entity Elective Tax', 'Overpayment from prior year allowed as credit', 'Line 11 Withholding amount' is calculated when all fields are filled (add lines 8–11).

Enter the amount of use tax due to report on line 13.

Enter the amount of cash contributions from federal Schedule K (1065) for line 13a.

Enter the California adjustment amount applicable to cash contributions on line 13a.

Enter the total amount of cash contributions for line 13a after applying California law.

Enter the amount of noncash contributions from federal Schedule K (1065) for line 13b.

Enter the California adjustment amount for noncash contributions on line 13b.

Enter the total noncash contributions amount using California law for line 13b.

Enter the investment interest expense amount from federal Schedule K (Form 1065) for line 13c.

Enter the California adjustment amount applicable to the investment interest expense on line 13c.

Enter the total investment interest expense amount for California law on line 13c after applying any California adjustments.

Enter the total expenditures to which the IRC Section 59(e) election may apply as reported from federal Schedule K-1 (1065).

Enter the California adjustment amount for IRC Section 59(e) election expenditures.

Enter the total amount of IRC Section 59(e) election expenditures calculated using California law.

Describe the type(s) of expenditures included in the IRC Section 59(e) election expenditure total. Fill only if 'IRC 59(e) election expenditures total (federal)', 'IRC 59(e) election expenditures total (California adjustment)', 'IRC 59(e) election expenditures total (California)' has an amount entered (any).

Enter the deduction amount related to portfolio income from federal Schedule K (Form 1065) for line 13e.

Enter the California adjustment amount for deductions related to portfolio income on line 13e.

Enter the total deduction amount for line 13e after applying California law.

Enter the member's share of other deductions from federal Schedule K (Form 1065) for line 13f.

Enter the California adjustment amount for other deductions on line 13f.

Enter the total other deductions amount for line 13f using California law.

Enter the payments balance amount for line 14 (the difference between total payments on line 12 and use tax on line 13, if line 12 is more than line 13). Fill only if 'Line 12 Total payments', 'Use tax amount (Line 13)' is greater than line 13 (subtract line 13 from line 12).

Enter the use tax balance due for line 15 (the amount on line 13 minus the amount on line 12). Fill only if 'Line 12 Total payments', 'Use tax amount (Line 13)' is greater than line 12 (subtract line 12 from line 13).

Enter the total amount of withholding on the LLC that is allocated to all members, computed using California law.

Enter the total low-income housing credit amount for line 15b calculated under California law.

Enter the total amount of credits related to rental real estate activities for line 15c, calculated using California law.

Enter the total amount of credits related to other rental activities calculated using California law for Schedule K, line 15d.

Enter the total amount of tax paid by the LLC on behalf of nonconsenting nonresident members under California law.

Enter the total amount of other credits for line 15f calculated using California law.

Enter the total tax and fee due for line 16 (the amount due after subtracting line 14 from line 7, if line 7 is more than line 14). Fill only if 'Line 7 Total tax and fee', 'Payments balance' is greater than line 14 (subtract line 14 from line 7).

Enter the overpayment amount for line 17 (the amount by which line 14 exceeds line 7). Fill only if 'Line 7 Total tax and fee', 'Payments balance' is greater than line 7 (subtract line 7 from line 14).

Enter the federal Schedule K (Form 1065) amount for line 17a, depreciation adjustment on property placed in service after 1986.

Enter the California adjustment amount for line 17a, depreciation adjustment on property placed in service after 1986.

Enter the total amount for line 17a under California law after applying the California adjustment to the federal amount.

Enter the adjusted gain or loss amount from federal Schedule K (Form 1065) for line 17b.

Enter the California adjustment amount for the adjusted gain or loss on line 17b.

Enter the total adjusted gain or loss for line 17b as computed under California law.

Enter the depletion amount (other than oil and gas) from federal Form 1065 for this item.

Enter the California adjustment amount for depletion (other than oil and gas) for this item.

Enter the total depletion amount (other than oil and gas) calculated using California law for this item.

Enter the gross income from oil, gas, and geothermal properties amount reported from the federal Schedule K (1065) for line 17d.

Enter the California adjustment amount for gross income from oil, gas, and geothermal properties for line 17d.

Enter the total gross income from oil, gas, and geothermal properties for line 17d after applying California law.

Enter the deductions allocable to oil, gas, and geothermal properties for line 17e using federal rules (Schedule K, column (b)).

Enter the California adjustment amount related to deductions allocable to oil, gas, and geothermal properties for line 17e (Schedule K, column (c)).

Enter the total deductions allocable to oil, gas, and geothermal properties for line 17e as calculated under California law (Schedule K, column (d)).

Enter the amount for line 17f, other alternative minimum tax items, from federal Schedule K-1 (1065).

Enter the California adjustment amount for line 17f, other alternative minimum tax items.

Enter the total amount for line 17f, other alternative minimum tax items, using California law.

Enter the amount of tax-exempt interest income reported from federal Schedule K (Form 1065) for line 18a.

Enter the California adjustment amount for tax-exempt interest income for line 18a.

Enter the total tax-exempt interest income amount for line 18a using California law after applying any California adjustments.

Enter the amount of other tax-exempt income allocated to the member from federal Form 1065, line 18b.

Enter the California adjustment amount applicable to other tax-exempt income for line 18b.

Enter the total other tax-exempt income amount for line 18b under California law after applying California adjustments.

Enter the member’s share of nondeductible expenses amount reported from federal Schedule K (1065) for line 18c.

Enter the California adjustment amount applicable to nondeductible expenses for line 18c.

Enter the total nondeductible expenses amount for California law for line 18c.

Enter the amount from federal Form 1065 for line 19a distributions of money (cash and marketable securities).

Enter the California adjustment amount for line 19a distributions of money (cash and marketable securities).

Enter the total amount under California law for line 19a distributions of money (cash and marketable securities).

Enter the amount from federal Schedule K (Form 1065) for line 19b, distribution of property other than money.

Enter the California adjustment to the federal amount for line 19b, distribution of property other than money.

Enter the total amount under California law for line 19b, distribution of property other than money.

Enter the amount of the Limited Liability Company fee for line 2.

Enter the net income (loss) from rental real estate activities amount from federal Schedule K (1065) for line 2.

Enter the California adjustment amount for net income (loss) from rental real estate activities on line 2.

Enter the total net income (loss) from rental real estate activities for line 2 using California law.

Enter the investment income amount from federal Schedule K (1065) for line 20a.

Enter the California adjustment amount that modifies the federal investment income for line 20a.

Enter the total investment income amount for line 20a after applying California adjustments.

Enter the investment expenses amount from federal Form K (1065) for line 20b.

Enter the California adjustment amount for investment expenses for line 20b.

Enter the total investment expenses amount using California law for line 20b.

Enter the amount for Schedule K, line 20c (Other information) as reported for federal purposes.

Enter the total amount for Schedule K, line 20c (Other information) using California law.

Enter the total distributive income/payment items amount from federal Schedule K (Form 1065) for line 21a.

Enter the California adjustment amount applicable to the total distributive income/payment items on line 21a.

Enter the total distributive income/payment items amount for line 21a after applying California law.

Enter the amount of the 2023 annual Limited Liability Company (LLC) tax for this return.

Enter the gross income or loss from other rental activities as reported on federal Schedule K (1065) for line 3a.

Enter the California adjustment amount that modifies the federal gross income or loss from other rental activities on line 3a.

Enter the total gross income or loss from other rental activities under California law for line 3a after applying California adjustments.

Enter the amount of less expenses from other rental activities reported on federal Schedule K (1065) for line 3b.

Enter the California adjustment amount for less expenses from other rental activities for line 3b.

Enter the total amount for less expenses from other rental activities under California law for line 3b.

Enter the net income (loss) from other rental activities from federal Schedule K (Form 1065) for line 3c.

Enter the California adjustment amount for the net income (loss) from other rental activities on line 3c.

Enter the total net income (loss) from other rental activities for line 3c after applying California adjustments.

Enter the amount of pass-through entity elective tax for Line 4.

Enter the amount of guaranteed payments for services from federal Schedule K (Form 1065) line 4a.

Enter the California adjustment amount applicable to guaranteed payments for services on line 4a.

Enter the total guaranteed payments for services amount for California tax purposes on line 4a.

Enter the member’s guaranteed payments for capital amount from federal Schedule K (1065) for line 4b.

Enter the California adjustment amount for the member’s guaranteed payments for capital on line 4b.

Enter the total guaranteed payments for capital amount under California law for line 4b.

Enter the total guaranteed payments amount for line 4c from the federal Schedule K (1065).

Enter the California adjustment amount for the total guaranteed payments on line 4c.

Enter the total guaranteed payments amount for line 4c using California law (federal amount plus/minus California adjustments).

Enter the interest income amount from federal Schedule K (Form 1065) for line 5.

Enter the California adjustment amount for interest income on line 5.

Enter the total interest income amount for line 5 after applying California adjustments.

Enter the total nonconsenting nonresident members’ tax liability amount from Schedule T for line 5.

Enter the dividends amount from federal Schedule K (1065) for line 6.

Enter the California adjustment amount related to dividends for line 6.

Enter the total dividends amount for line 6 using California law.

Enter the total partnership level tax amount for line 6.

Enter the member’s share of royalties reported from federal Schedule K (1065) for line 7.

Enter the California adjustment amount applicable to royalties on line 7.

Enter the total royalties amount under California law for line 7 after applying any California adjustments.

Enter the total amount of tax and fee for line 7 (the sum of lines 2 through 6). Fill only if 'Line 2 – Limited Liability Company fee', 'Line 3 – 2023 annual LLC tax', 'Pass-through entity elective tax (Line 4)', 'Nonconsenting Nonresident Members’ Tax Liability', 'Line 6 Partnership Level Tax' is calculated when all fields are filled (add lines 2–6).

Enter the total amount paid with Form FTB 3537 and 2023 Forms FTB 3522 and FTB 3536 to report on line 8.

Enter the net short-term capital gain or loss amount from federal Schedule K (Form 1065) for line 8.

Enter the California adjustment amount that modifies the federal net short-term capital gain or loss reported on line 8.

Enter the total net short-term capital gain or loss for California purposes for line 8 after applying California adjustments.

Enter the total amount paid for the pass-through entity elective tax to report on line 9.

Enter the net long-term capital gain or loss amount from the federal Schedule K (Form 1065) for line 9.

Enter the California adjustment amount for net long-term capital gain or loss on line 9.

Enter the total net long-term capital gain or loss for California purposes on line 9 after applying California adjustments.

Enter the limited liability company’s legal name as registered (type or print).

Enter the California Secretary of State (SOS) file number assigned to the LLC.

Provide any additional identifying information for the LLC, if applicable.

Enter the LLC’s federal employer identification number (FEIN) issued by the IRS.

Enter the LLC’s U.S. mailing street address, including suite, room, or PO box if applicable.

Enter the LLC’s Private Mailbox (PMB) number, if the mailing address uses a PMB.

Enter the city for the LLC’s U.S. mailing address.

Enter the state for the LLC’s U.S. mailing address.

Enter the ZIP code for the LLC’s U.S. mailing address.

Enter Yes to indicate that this LLC is apportioning or allocating income to California using Schedule R for the tax year.

Enter No to indicate that this LLC is not apportioning or allocating income to California using Schedule R for the tax year.

Enter 'Yes' if the LLC was registered in California and did not earn any income sourced in California during the taxable year. Fill only if 'M(1) Is this LLC apportioning to California — No' is 'No'.

Enter 'No' if the LLC was not registered in California without earning California-sourced income during the taxable year (i.e., the LLC either earned California-sourced income or was not registered in California). Fill only if 'M(1) Is this LLC apportioning to California — No' is 'No'.

Enter the highest number of members the LLC had at any time during the year.

Enter the date on which the member signs the Member’s Consent Statement. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Enter 'Yes' to indicate there was a distribution of property or a transfer of an LLC interest during the taxable year.

Enter 'No' to indicate there was not a distribution of property or a transfer of an LLC interest during the taxable year.

Enter the California gross farm income amount from federal Schedule F (Form 1040).

Enter the total California other income (not loss) from Form 568, Schedule B, line 10.

Enter the total California gains (not losses) from Form 568, Schedule B, line 8.

Enter the amount of other California income (not a loss) from Form 568, Schedule K, line 11b that is not included in line 5.

Enter the amount of other California portfolio income (not loss) from Form 568, Schedule K, line 11a.

Enter the California rental amount reported on Schedule K (568), line 3a.

Enter the total California rental amount from all Schedule K-1s (565), Table 3, line 3.

Enter the total other California rentals by adding line 9a and line 9b. Fill only if 'Line 9a – Amount from Schedule K (568), line 3a', 'Line 9b – Amount from Schedule K-1s (565), Table 3, line 3' are filled (all).

Enter 'Yes' in this box if the LLC has one or more foreign (non‑U.S.) nonresident members for the tax year.

Enter 'No' in this box if the LLC does not have any foreign (non‑U.S.) nonresident members for the tax year.

Enter 'Yes' in this box to indicate the LLC has domestic (non-foreign) nonresident members during the taxable year.

Enter 'No' in this box to indicate the LLC does not have any domestic (non-foreign) nonresident members during the taxable year.

Enter 'Yes' if Form 592, Form 592-A, Form 592-B, Form 592-F, or Form 592-PTE was filed for these members; otherwise leave blank. Fill only if 'P(1) Foreign nonresident members — Yes', 'P(2) Domestic nonresident members — Yes' is 'Yes' (any fields selection).

Enter 'No' if Form 592, Form 592-A, Form 592-B, Form 592-F, and Form 592-PTE were not filed for these members; otherwise leave blank. Fill only if 'P(1) Foreign nonresident members — Yes', 'P(2) Domestic nonresident members — Yes' is 'Yes' (any fields selection).

Enter the date the paid preparer signed the return.

Check this box if the paid preparer is self-employed (not employed by a firm).

Enter the paid preparer's Preparer Tax Identification Number (PTIN). Fill only if 'Check if self-employed' is 'Yes'.

Enter the paid preparer’s firm name (or the preparer’s name if self-employed).

Enter the paid preparer’s firm mailing address.

Enter the paid preparer firm’s federal employer identification number (FEIN).

Enter the paid preparer firm’s telephone number.

Enter the LLC’s distributive share of ordinary income from pass-through entities attributable to California.

Enter the LLC’s distributive share of cost of goods sold from other pass-through entities associated with receipts attributable to California.

Enter the LLC’s distributive share of deductions from other pass-through entities associated with receipts attributable to California.

Check this box if the LLC is reporting previously deferred income from an installment sale.

Check this box if the LLC is reporting previously deferred income from a like-kind exchange under IRC §1031.

Check this box if the LLC is reporting previously deferred income from an involuntary conversion under IRC §1033.

Check this box if the LLC is reporting previously deferred income from a source other than the options listed.

Enter the LLC’s principal business activity code.

Enter a brief description of the LLC’s primary business activity.

Enter the main product or service provided by the LLC.

Enter any prior FEIN(s) (if different), prior business name(s), and the entity type(s) the LLC previously operated as for prior returns filed with the FTB and/or IRS.

Enter 'Yes' in this box if one or more members of this LLC are themselves LLCs or partnerships.

Enter 'No' in this box if none of the members of this LLC are LLCs or partnerships.

Enter a mark or text to indicate that the answer to Question 3 is Yes.

Enter a mark or text to indicate that the answer to Question 3 is No.

Enter 'Yes' (or otherwise mark this box) to indicate the LLC acquired control or majority ownership (more than 50% interest) in another legal entity during this taxable year.

Enter 'No' (or otherwise mark this box) to indicate the LLC did not acquire control or majority ownership (more than 50% interest) in another legal entity during this taxable year.

Enter "Yes" in this box if during the taxable year another person or legal entity acquired control (more than a 50% interest) of this LLC or any legal entity in which the partnership holds a controlling or majority interest.

Enter "No" in this box if during the taxable year no other person or legal entity acquired control (more than a 50% interest) of this LLC or any related legal entity.

Enter 'Yes' if the LLC is currently under audit by the IRS or was audited in a prior year; otherwise leave blank or enter 'No' in the corresponding field.

Enter 'No' if the LLC is not currently under audit by the IRS and has not been audited in a prior year; otherwise leave blank or enter 'Yes' in the corresponding field.

Check this box if this is the LLC’s first California Form 568 return being filed.

Check this box if this is the LLC’s final California Form 568 return because it is terminating or no longer required to file.

Check this box if you are filing this return to amend (correct) a previously filed Form 568 for the same tax year.

Check this box if you are filing this return as a protective claim for refund to preserve the right to a refund pending a future event or determination.

Enter "Yes" if this LLC is a member or partner in another multiple-member LLC or partnership; otherwise leave blank.

Enter "No" if this LLC is not a member or partner in another multiple-member LLC or partnership; otherwise leave blank.

Enter the value of inventory on hand at the beginning of the tax year.

Enter total purchases reduced by the cost of items withdrawn for personal use.

Enter the total cost of labor attributable to producing or acquiring goods for sale.

Enter additional costs required to be capitalized under IRC Section 263A.

Enter any other costs related to goods sold not included on the prior lines.

Enter the total of lines 1 through 5.

Enter the value of inventory on hand at the end of the tax year.

Enter the cost of goods sold calculated as line 6 minus line 7.

Check this box if you used the cost method to value closing inventory.

Check this box if you valued closing inventory using the lower of cost or market method.

Check this box if you wrote down subnormal goods when valuing closing inventory.

Check this box if you used a different inventory valuation method and will specify the method and attach an explanation.

Enter the name of the other method used to value closing inventory if it is not cost, lower of cost or market, or write-down of subnormal goods. Fill only if 'Other (specify method)' is 'Yes'.

Check this box if the LIFO inventory method was adopted this taxable year for any goods and you will attach federal Form 970.

Enter 'Yes' in this box if the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the LLC for this taxable year.

Enter 'No' in this box if the rules of IRC Section 263A do not apply to the LLC for this taxable year.

Enter 'Yes' in this box if there was any change (other than for IRC Section 263A purposes) in determining quantities, cost, or valuations between opening and closing inventory and attach an explanation.

Enter 'No' in this box if there was no change in determining quantities, cost, or valuations between opening and closing inventory.

Enter the total accounts payable balance at the beginning of the taxable year (Schedule L, line 15).

Enter the total accounts payable balance at the end of the taxable year (Schedule L, line 15).

Enter the total amount of all nonrecourse loans outstanding at the beginning of the taxable year.

Enter the total amount of all nonrecourse loans outstanding at the end of the taxable year.

Enter the total value of buildings and other depreciable assets at the beginning of the taxable year.

Enter the total value of buildings and other depreciable assets at the end of the taxable year.

Enter the total cash balance at the beginning of the taxable year for Schedule L, line 1.

Enter the total cash balance at the end of the taxable year for Schedule L, line 1.

Enter the total value of depletable assets at the beginning of the taxable year (Schedule L, line 10a).

Enter the total value of depletable assets at the end of the taxable year (Schedule L, line 10a).

Enter the total value of amortizable intangible assets at the beginning of the taxable year for Schedule L, line 12a.

Enter the total value of amortizable intangible assets at the end of the taxable year for Schedule L, line 12a.

Enter the total value of inventories at the beginning of the taxable year for Schedule L, line 3.

Enter the total value of inventories at the end of the taxable year for Schedule L, line 3.

Enter the book value of land (net of any amortization) at the beginning of the taxable year.

Enter the book value of land (net of any amortization) at the end of the taxable year.

Enter the accumulated amortization amount for intangible assets (amortizable only) as of the beginning of the taxable year for column (a).

Enter the accumulated amortization amount for intangible assets (amortizable only) as of the beginning of the taxable year for column (b).

Enter the accumulated amortization amount for intangible assets (amortizable only) as of the end of the taxable year for column (c).

Enter the accumulated amortization amount for intangible assets (amortizable only) as of the end of the taxable year for column (d).

Enter the accumulated depletion amount to be subtracted from depletable assets at the beginning of the taxable year for column (a).

Enter the accumulated depletion amount to be subtracted from depletable assets at the beginning of the taxable year for column (b).

Enter the accumulated depletion amount to be subtracted from depletable assets at the end of the taxable year for column (c).

Enter the accumulated depletion amount to be subtracted from depletable assets at the end of the taxable year for column (d).

Enter the accumulated depreciation amount to subtract from buildings and other depreciable assets at the beginning of the taxable year for column (a).

Enter the accumulated depreciation amount to subtract from buildings and other depreciable assets at the beginning of the taxable year for column (b).

Enter the accumulated depreciation amount to subtract from buildings and other depreciable assets at the end of the taxable year for column (c).

Enter the accumulated depreciation amount to subtract from buildings and other depreciable assets at the end of the taxable year for column (d).

Enter the amount of the allowance for bad debts to subtract from trade notes and accounts receivable at the beginning of the taxable year for column (a).

Enter the amount of the allowance for bad debts to subtract from trade notes and accounts receivable at the beginning of the taxable year for column (b).

Enter the amount of the allowance for bad debts to subtract from trade notes and accounts receivable at the end of the taxable year for column (c).

Enter the amount of the allowance for bad debts to subtract from trade notes and accounts receivable at the end of the taxable year for column (d).

Enter the total amount of loans payable to members at the beginning of the taxable year (Schedule L, line 19a).

Enter the total amount of loans payable to members at the end of the taxable year (Schedule L, line 19a).

Enter the total balance of loans to members at the beginning of the taxable year.

Enter the total balance of loans to members at the end of the taxable year.

Enter the total members' capital accounts balance at the beginning of the taxable year.

Enter the total members' capital accounts balance at the end of the taxable year.

Enter the total value of mortgage and real estate loans held at the beginning of the taxable year for Schedule L, line 7b.

Enter the total value of mortgage and real estate loans held at the end of the taxable year for Schedule L, line 7b.

Enter the total amount of mortgages, notes, and bonds payable due in 1 year or more at the beginning of the taxable year.

Enter the total amount of mortgages, notes, and bonds payable due in 1 year or more at the end of the taxable year.

Enter the total balance at the beginning of the taxable year for mortgages, notes, and bonds payable in less than 1 year (Schedule L, line 16).

Enter the total balance at the end of the taxable year for mortgages, notes, and bonds payable in less than 1 year (Schedule L, line 16).

Enter the total value of other assets at the beginning of the taxable year (Schedule L, line 13).

Enter the total value of other assets at the end of the taxable year (Schedule L, line 13).

Enter the total value of other current assets at the beginning of the taxable year for Schedule L, line 6.

Enter the total value of other current assets at the end of the taxable year for Schedule L, line 6.

Enter the total amount of other current liabilities at the beginning of the taxable year (Schedule L, line 17).

Enter the total amount of other current liabilities at the end of the taxable year (Schedule L, line 17).

Enter the total value of other investments at the beginning of the taxable year (Schedule L, line 8).

Enter the total value of other investments at the end of the taxable year (Schedule L, line 8).

Enter the total amount of other liabilities at the beginning of the taxable year for Schedule L, line 20.

Enter the total amount of other liabilities at the end of the taxable year for Schedule L, line 20.

Enter the balance sheet amount of tax-exempt securities held at the beginning of the taxable year.

Enter the balance sheet amount of tax-exempt securities held at the end of the taxable year.

Enter the organization’s total assets at the beginning of the taxable year (Schedule L, line 14).

Enter the organization’s total assets at the end of the taxable year (Schedule L, line 14).

Enter the total amount of liabilities and capital for Schedule L, line 22, at the beginning of the taxable year.

Enter the total amount of liabilities and capital for Schedule L, line 22, at the end of the taxable year.

Enter the total balance of trade notes and accounts receivable at the beginning of the taxable year.

Enter the total balance of trade notes and accounts receivable at the end of the taxable year.

Enter the total value of U.S. government obligations held at the beginning of the taxable year for Schedule L, line 4.

Enter the total value of U.S. government obligations held at the end of the taxable year for Schedule L, line 4.

Enter the amount of depreciation included on Schedule K that was not charged against book income for the year.

Enter the amount of other deductions included on Schedule K that were not charged against book income for the year.

Enter the total deductions not charged against book income, equal to the sum of line 7a and line 7b.

Enter the depreciation expense recorded on the books during the year that is not included on Schedule K.

Enter the travel and entertainment expense recorded on the books during the year that is not included on Schedule K.

Enter the annual LLC tax expense recorded on the books during the year that is not included on Schedule K.

Enter the total amount of any other expenses recorded on the books during the year that are not included on Schedule K.

Enter the total of the amounts reported for depreciation, travel and entertainment, annual LLC tax, and other expenses.

Enter the total amount of guaranteed payments to partners (other than health insurance) that were not recorded on the books for the year.

Enter the total income or loss per the return (Schedule K, line 21a) after subtracting line 8 from line 5 on Schedule M-1.

Enter the total amount of income included on Schedule L (lines 1 through 11c) that was not recorded on the books during the tax year.

Enter the amount of tax-exempt interest income recorded on the books this year that is not included on Schedule K.

Enter the amount of other income recorded on the books this year that is not included on Schedule K.

Enter the total income recorded on the books this year that is not included on Schedule K (sum of line 6a and line 6b).

Enter the entity's net income or net loss per its books for the tax year.

Enter the total amount for Schedule M-1 line 8, equal to the sum of line 6c and line 7c.

Enter the total amount for Schedule M-1 line 5, which equals the sum of lines 1 through 4e.

Enter the total balance of members’ capital accounts at the beginning of the taxable year (Schedule M-2, line 1).

Enter the total balance of members' capital accounts at the end of the tax year (Schedule M-2, line 9).

Enter the total cash capital contributions made by members during the year.

Enter the total value of property (non-cash) contributed by members during the year.

Enter the total amount of cash distributions made during the year.

Enter the total amount of property distributions made during the year.

Enter the entity's net income or net loss per the books for the year (Schedule M-2, line 3).

Enter the total amount of other decreases to members’ capital accounts for Schedule M-2, line 7.

Enter an itemized description of the other increases to members' capital accounts for the year (Schedule M-2, line 4).

Enter the total for Schedule M-2 line 8, which is the sum of line 6 (distributions) and line 7 (other decreases).

Enter the total amount from adding Schedule M-2 lines 1 through 4 for the taxable year.

Enter the total amount of liquidation gains recognized to capitalize the limited liability company.

Enter the entity's Federal Employer Identification Number (FEIN).

Enter the individual's Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), if applicable.

Enter the entity's California Corporation Number, if applicable.

Enter the entity's California Secretary of State (CA SOS) File Number, if applicable.

Enter the full legal name of the entity that was liquidated (attach a schedule if more than one entity was liquidated).

Check this box if the entity liquidated was a C corporation.

Check this box if the entity liquidated was an S corporation.

Check this box if the entity liquidated was a partnership.

Check this box if the entity liquidated was a limited partnership.

Check this box if the entity liquidated was a sole proprietorship.

Check this box if the entity liquidated was a farmer.

Enter the full name of the second nonconsenting nonresident member. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the second member’s SSN, ITIN, or FEIN. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the second member’s distributive share of income subject to this withholding calculation. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the tax rate to apply to the second member’s distributive share of income. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the second member’s total tax due as calculated per the instructions. Fill only if 'Second member distributive share of income', 'Second member tax rate' is calculated from all fields.

Enter the amount withheld by the LLC for the second member and reported on Form 592-B. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the second member’s net tax due after subtracting the amount withheld from the total tax due. Fill only if 'Second member total tax due', 'Second member amount withheld (Form 592-B)' is calculated from all fields.

Enter the complete street address, city, state, and ZIP code for the single-member LLC. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Enter the sole owner’s federal taxpayer identification number (TIN) or Social Security number (SSN). Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Enter the sole owner’s name exactly as shown on the owner’s tax return. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Enter the business identification number such as the FEIN, California corporation number, or California Secretary of State file number. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Enter the subtotal total by adding the amounts from lines 1a through 6.

Enter 'Yes' if the LLC is a publicly traded partnership as defined in IRC Section 469(k)(2); otherwise leave blank or enter 'No'.

Enter 'No' if the LLC is not a publicly traded partnership as defined in IRC Section 469(k)(2); otherwise leave blank or enter 'Yes'.

Enter the portion of line 17 that you want credited toward your 2024 tax or fee. Fill only if 'Line 17 – Overpayment' is more than 0.

Enter the refund amount if the total on line 18 is less than line 17. Fill only if 'Line 17 – Overpayment' is greater than 'Line 18 – Amount Credited to 2024 Tax or Fee'.

Enter any penalties and interest due.

Enter the total amount due after adding lines 15, 16, 18, and 20 and subtracting line 17.

Enter the start date of the fiscal year for this return.

Enter the end date of the fiscal year for this return.

Enter the full legal name of the third nonconsenting nonresident member. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the third member’s SSN, ITIN, or FEIN. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the third member’s distributive share of income. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the tax rate applied to the third member’s distributive share of income. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the third member’s total tax due. Fill only if 'Third member distributive share of income', 'Third member tax rate' is calculated from all fields.

Enter the amount withheld by this LLC for the third member that is reported on Form 592-B. Fill only if 'Does the LLC have any foreign (non-U.S.) nonresident members?' is 'Yes' or 'Does the LLC have any domestic (non-foreign) nonresident members?' is 'Yes'.

Enter the third member’s net tax due after subtracting the amount withheld from the total tax due. Fill only if 'Third member total tax due', 'Third member amount withheld (Form 592-B)' is calculated from all fields.

Enter the total value of the LLC’s assets at the end of the tax year.

Enter the total California income by adding lines 7, 8c, 9c, 10, 11, 12, 13, 14, 15, and 16 (this amount may not be negative). Fill only if 'Line 9c – Total other California rentals (9a + 9b)', 'California interest amount', 'Line 11 — California dividends (Schedule K, line 6)', 'California royalties amount', 'Line 13 — California capital gains', 'California 1231 gains amount', 'Other California portfolio income amount', 'Other California income (not included in line 5)' are filled (all).

Enter the total amount of tax due for the LLC (if the total is less than zero, enter 0). Fill only if 'Member Net Tax Due', 'Second member net tax due', 'Third member net tax due', 'Net Tax Due', 'Fifth member net tax due' is calculated from all fields.

Enter 'Yes' to indicate the LLC is a business entity disregarded for tax purposes.

Enter 'No' to indicate the LLC is not a business entity disregarded for tax purposes.

Enter 'Yes' if there are credits or credit carryovers attributable to the disregarded entity for this LLC; otherwise leave blank or enter 'No'. Fill only if 'U(1) Is disregarded for tax purposes — Yes' is 'Yes'.

Enter 'No' if there are no credits or credit carryovers attributable to the disregarded entity for this LLC; otherwise leave blank or enter 'Yes'. Fill only if 'U(1) Is disregarded for tax purposes — Yes' is 'Yes'.

Enter "Yes" if the disregarded entity's total income derived from or attributable to California is less than the LLC's total income from all sources; otherwise leave blank or enter the alternative response. Fill only if 'U(1) Is disregarded for tax purposes — Yes' is 'Yes'.

Enter "No" if the disregarded entity's total income derived from or attributable to California is not less than the LLC's total income from all sources; otherwise leave blank or enter the alternative response. Fill only if 'U(1) Is disregarded for tax purposes — Yes' is 'Yes'.

Check this box if the ultimate owner of the SMLLC is an individual person. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Check this box if the ultimate owner of the SMLLC is a C corporation. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Check this box if the ultimate owner of the SMLLC is a pass-through entity (S corporation, partnership, or an LLC classified as a partnership). Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Check this box if the ultimate owner of the SMLLC is an estate or a trust. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Check this box if the ultimate owner of the SMLLC is a tax-exempt organization. Fill only if 'Is this LLC a business entity disregarded for tax purposes?' is 'Yes'.

Enter the date when the last unclaimed property Holder Remit Report was filed with the State Controller’s Office.

Enter the dollar amount that was last remitted on the prior unclaimed property Holder Remit Report.

Enter the cents portion of the amount last remitted on the prior unclaimed property Holder Remit Report.

Enter "Yes" if the LLC included a Reportable Transaction or Listed Transaction within this return; otherwise leave blank or enter "No" in the corresponding No field.

Enter "No" if the LLC did not include a Reportable Transaction or Listed Transaction within this return; otherwise leave blank or enter "Yes" in the corresponding Yes field.

Enter "Yes" if the LLC filed the Federal Schedule M-3 (federal Form 1065) for the tax year.

Enter "No" if the LLC did not file the Federal Schedule M-3 (federal Form 1065) for the tax year.

Enter 'Yes' in this box to indicate the LLC is a direct owner of an entity that filed a federal Schedule M-3.

Enter 'No' in this box to indicate the LLC is not a direct owner of an entity that filed a federal Schedule M-3.

Enter "Yes" if the LLC has a beneficial interest in a trust or is the grantor of a trust; otherwise leave blank or enter a different response as appropriate.

Enter "No" if the LLC does not have a beneficial interest in a trust and is not the grantor of a trust; otherwise leave blank or enter a different response as appropriate.

Enter 'Yes' if the LLC owns an interest in a business entity that is disregarded for tax purposes.

Enter 'No' if the LLC does not own an interest in a business entity that is disregarded for tax purposes.