In 2020 I operated one S Corporation. Later the year I opened another S Corporation. Both business are similar. I technically still operate the first one, I just treat it like a DBA under the other Scorporation. If I merge the two S Corporations together or have it where the second corporation purchased the first corporation do I complete one tax return. I figured i might have to file a consolidation return. Going the parent company route do I report my first company revenue in the parent company tax return? If I decide to permantely close the first company and work under the second one only do I no longer file a consolidation return. Although, I technically treat it like a subsidary I dont want to complicate my tax returns and have it as a subsidary and instead treat it like a DBA which is why I am going to dissolve the first company filing with the state and file a final return. However, I would like to report the revenue with my first corporation. If I treated it like a merger would it just be one tax return with both income reported?
