LLC Created Date Question

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In Turbo Tax, it asks when was the LLC created? Do I use the date I created it with the State 11/29/17, or 1/1/2018 which is when I started collecting and paying everything under the Master LLC. And I assume I have to enter all the depreciation and such from the old LLC's into the new individual LLC's. Thank you

PaulaMAnswer

Employee Tax Expert

Use the actual creation date for the question, 11/29/17 in your case. And yes, you will need to move the depreciation records to the new LLC. Use the depreciation report as a guide.

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PaulaM

Answer

Employee Tax Expert

Use the actual creation date for the question, 11/29/17 in your case. And yes, you will need to move the depreciation records to the new LLC. Use the depreciation report as a guide.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"