California Form 568 - Limited Liability Company Return Of Income - 2014 Page 2
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7J 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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K Is this LLC an investment partnership? See General Information O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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L (1) Is this LLC apportioning or allocating income to California using Schedule R?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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(2) If “No,” was this LLC registered in California without earning any income sourced in this state during the taxable year? . . . .
Yes
No
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M 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
O (1) During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this
LLC or any legal entity in which the LLC holds a controlling or majority interest that owned California real property
(i.e., land, buildings), leased such property for a term of 35 years or more, or leased such property from a government
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agency for any term?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
(2) During this taxable year, did this LLC acquire control or majority ownership (more than a 50% interest) in another legal
entity that owned California real property (i.e., land, buildings), leased such property for a term of 35 years or more,
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or leased such property from a government agency for any term?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
(3) During this taxable year, has more than 50% of the LLC’s ownership interests cumulatively transferred in one or more
transactions after an interest in California real property (i.e., land, buildings) was transferred to it that was excluded
from property tax reassessment under Revenue and Taxation Code Section 62(a)(2) and it was not reported on a
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previous year’s tax return? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
(Yes requires filing of statement, penalties may apply– see instructions.)
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P (1) Does the LLC have any foreign (non-U.S.) nonresident members?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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(2) Does the LLC have any domestic (non-foreign) nonresident members?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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(3) Were Form 592, Form 592-A, Form 592-B , and Form 592-F filed for these members? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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Q Are any members in this LLC also LLCs or partnerships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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R Is this LLC under audit by the IRS or has it been audited in a prior year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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S Is this LLC a member or partner in another multiple member LLC or partnership? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
If “Yes,” complete Schedule EO, Part I.
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T Is this LLC a publicly traded partnership as defined in IRC Section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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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
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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
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the LLC’s total income from all sources?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
V Has the LLC included a Reportable Transaction, or Listed Transaction within this return?
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(See instructions for definitions). If “Yes,” complete and attach federal Form 8886 for each transaction. . . . . . . . . . . . . . . . . . . . . .
Yes
No
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W Did this LLC file the Federal Schedule M-3 (federal Form 1065)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
(continued on Side 3)
Side 2 Form 568
2014
C1
3672143
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