You'll need to sign in or create an account to connect with an expert.
They are two separate business entities and require two separate returns. Be certain not to use the EIN issued to the Virginia-based LLC for the new entity in North Carolina.
If they are single-member LLCs, with your son as the sole member, they are disregarded entities for tax purposes and can be filed as two separate Schedule Cs on his Form 1040 tax return.
They are two separate business entities and require two separate returns. Be certain not to use the EIN issued to the Virginia-based LLC for the new entity in North Carolina.
If they are single-member LLCs, with your son as the sole member, they are disregarded entities for tax purposes and can be filed as two separate Schedule Cs on his Form 1040 tax return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
palmtree33
New Member
Robert26ryan
New Member
nikamarie
New Member
srfrgyrl
New Member
iowa-xcs-characters2
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.