turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Tchelo
Returning Member

Joint Spouse LLC move from Community to Con Community Property State Mid year - File Form 1065?

Hi. The wife and I are the owners of an LLC and, since we've lived in Texas (a community property state), we've always treated it as a disregarded entity for Federal Tax purposes, filing under Schedule C.

 

In April, we moved to Tennessee, a non community property state. Questions:

- I suspect we now have to file Form, 1065 and K-1s?

- If so, do we need to notify the IRS of the change in entity treatment?

- Do we submit form 1065 and the K-1s for each of us owners simultaneously when filing the taxes in April? Or do we need to file 1065 first, then issue the K1s to the owners? Is the deadline March 31, not April?

 

Thanks in advance!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
rjs
Level 15
Level 15

Joint Spouse LLC move from Community to Con Community Property State Mid year - File Form 1065?

Duplicate question. See the reply to your other post of the same question. If you have further questions please continue the discussion in the other thread to keep all the information in one place.

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question