I am looking for advice on some questions below.
1. I have a car that was listed for business use and am in its third years of depreciation. What happens if I were to sell of that car and replace it with a different car in the middle of the fourth year? What do I enter when filing my tax?
2. How long does it take for the IRS to complete a change request from an LLC to S-Corp status?
3.Supposing the change was granted in November, does that mean the filing from January to October will be filed as an LLC and from November to December as an S-Corp?
Thank you.
