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Generating TX Franchise Returns for a SMLLC in the Individual Module

SOLVEDby IntuitLacerte Tax11Updated July 14, 2022

To Generate a TX Franchise Return in the Individual Module:

  1. In Screen 54, State Taxes, select on Texas Franchise Tax from the top left navigation panel. (This will take you to Screen 54.431)
  2. In the General section enter the following:
    • Enter the LLC name (MANDATORY).
    • Enter the State taxpayer #.
    • Enter the TX Secretary of State #.
    • Enter the 6 digit NAICS code.
    • Enter the 4 digit SIC code.
  3. Enter any applicable information on this screen.
  4. Select Add from the middle left navigation panel to add additional SMLLCs and Repeat Steps 4-9 for each SMLLC.
  5. Click on Texas Business Activity from the top left navigation panel. (This will take you to Screen 54.432.)
  6. Select the LLC name from the drop-down menu.
  7. Select the Business activity from the drop-down menu.
  8. Select the Business activity name or number from the drop-down menu.
  9. Click Add from the bottom left navigation panel to add additional SMLLCs.

Viewing the forms :

  1. Click on the Forms tab.
  2. Click on TX from the top left navigation panel.If you have multiple SMLLCs:
  3.  Click on the drop-down menu next to the Govt Instructions window.
  4.  Click on your other SMLLCs listed to toggle between their forms.

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