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Opened an LLC mid-year, how should the taxes be filed
I have a rental property that is under my name. I opened an LLC which will be taxed as a sole proprietor for tax purposes. Do I need to show the rental property under my individual taxes (1040) for first part of the year and as a LLC (1120S) for the second half of the year? Or can I file all the income and expenses for the full year under the LLC?
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‎January 17, 2021
8:03 PM