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Partnership llc goes to sole proprietor

i am now the sole owner of an LLC. It was a multi-partner when created.

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1 Reply
WillK
Intuit Alumni

Partnership llc goes to sole proprietor

There will be two returns that will need to be filed depending on when the partnership ended in 2018.

You would need to file 1065 for the time the partnership was operational in 2018 i.e. 1/1/2018-6142018. Then you would take that K-1 and report it on your personal return.

Then you would file the Schedule C for the remaining time in the year that the business was operational. 

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