I was wondering, if my wife wants to start being a partner in my business on 01/01/2020, however, I started the business in 05/19/2019. How do I file her under Form 2553? Will she be in the same line as me since we can file married couples as a single member or should I file her as a separate owner with 50%?
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Only the existing stakeholders need to make the election on Form 2553 (which was apparently just you as of 5/19/2019).
You can indicate there was an ownership change and add your wife as a shareholder.
Only the existing stakeholders need to make the election on Form 2553 (which was apparently just you as of 5/19/2019).
You can indicate there was an ownership change and add your wife as a shareholder.
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