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Get your taxes done using TurboTax
You have done exactly what you should have to transition the sole member to a multi-member.
You should check the 'Initial Return' box as it is the initial return of the multi-member LLC.
As the property is deeded to the LLC, you can look into the tax advantages of being taxed as an S-Corporation as well.
ā€ˇFebruary 23, 2021
10:32 AM