Running a LLC business in California requires a payment to the state of California in the amount of $800.00 due every year by 04/15. Is this $800 tax deductable? If so do we claim it as state tax?
TIA
Reply by TitleGalCA on 2/10/06 10:16pm Msg #96197
Yes, it's tax deductible, but I don't recall the category, off the top of my head. Your tax preparer can answer this.
Reply by John_NorCal on 2/10/06 11:44pm Msg #96205
It is deductible on your federal not your state return.
