PatriciaV
Expert Alumni

Business & farm

Yes, as a multi-member LLC, the corporation is required to file a separate business return. If you haven't elected to be treated as a corporation, you would file Form 1065, available in TurboTax Business CD/Download.

 

The multi-member LLC is a separate entity that began on the incorporation date on the Articles of Incorporation. Since you terminated that Maryland LLC in 2023, this will be the final year for both the federal and Maryland LLC returns. Because you incorporated a new LLC in another state, you'll file the initial 1065 and Florida LLC returns for the new Florida LLC in 2024.

 

You may need to amend your 2023 individual 1040 return to remove the Schedule C for the multi-member LLC and add a final Schedule C for the SMLLC. 

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