Estimtated Taxes

[Hill Distribution]

I switched my sole proprietorship to an LLC in March, i currently pay estimated taxes on my sole proprietorship should I transfer the estimated taxes to my new LLC?

[Anonymous_ · Accepted solution]

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@Hill Distribution wrote:

I switched my sole proprietorship to an LLC in March, i currently pay estimated taxes on my sole proprietorship should I transfer the estimated taxes to my new LLC?

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No, not unless you made an election for your LLC to be treated as a C corporation (which would be rare and unusual).

[Hill Distribution]

Thank you