California Form 568 - Limited Liability Company Return Of Income - 2014 Page 7

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Limited Liability Company (LLC) Income Worksheet

Schedule IW

Enter your California income amounts on the worksheet. All amounts entered must be assigned for California law differences. Use only amounts that are from

sources derived from or attributable to California when completing lines 1-17 of this worksheet. If your business is both within and outside of California, see

Schedule IW instructions to assign the correct amounts to California. If the LLC is wholly within California, the total income amount is assigned to California and

is entered beginning with line 1a. If the single member LLC (SMLLC) does not meet the 3 million criteria for filing Schedule B (568) and Schedule K (568), the

SMLLC is still required to complete Schedule IW. Disregarded entities that do not meet the filing requirements to complete Schedule B or Schedule K should prepare

Schedule IW by entering the California amounts attributable to the disregarded entity from the member’s federal Schedule B, C, E, F (Form 1040), or additional

schedules associated with other activities. Do not enter amounts on this worksheet that have already been reported by another LLC to determine its fee.

ee instructions on page 14 of the Form 568 Booklet for more information on how to complete Schedule IW.

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1 a Total California income from Form 568, Schedule B, line 3. See instructions . . . . . . . . . . . . . . . . . . . .

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

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California on lines 1a and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 a If the answer to Question U(1) on Form 568 Side 2, is “Yes”, include the gross income of this

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disregarded entity that is not included in lines 1 and 8 through 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Enter the cost of goods sold of disregarded entities associated with the receipts assigned to

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California on line 2a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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3 a LLC’s distributive share of ordinary income from pass-through entities . . . . . . . . . . . . . . . . . . . . . . . .

b Enter the LLC’s distributive share of cost of goods sold from other pass-through entities

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

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Table 3, line 1a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter the LLC’s distributive share of deductions from other pass-through entities associated with

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

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4 Add gross farm income from federal Schedule F (Form 1040). Use California amounts . . . . . . . . . . . . . . .

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

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

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7 Add line 1a through line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 California rental real estate

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

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

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c Add line 8a and line 8b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Other California rentals.

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a Enter the amount from Schedule K (568), line 3a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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Add lines 9a and 9b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

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

13 California capital gains. Enter the capital gains (not losses) included in the amounts from Form 568,

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Schedule K, lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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14 California 1231 gains. Enter the amount of total gains (not losses) from Form 568, Schedule K, line 10a . . . . . . . . . . . . . . . . . . .

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

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16 Other California income (not loss) not included in line 5. Enter the amount from Form 568, Schedule K, line 11b . . . . . . . . . . . .

17 Total California income. Add lines 7, 8c, 9c, 10, 11, 12, 13, 14, 15, and 16. Line 17 may not be a negative number.

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Enter here and on Form 568, Side 1, Line 1. If less than zero enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Form 568

2014 Side 7

3677143