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Business & farm
If the LLC remains a ole proprietor and does not take on a partner or elect Sub S status all income goes on the schedule C. You could file 2 schedule Cs to divide the income and expense from before the LLC formation and not use the EIN on that schedule C. After formation use the schedule C for the income and expense after formation. Start up expenses would be amortized on the new Schedule C form
May 22, 2024
10:47 AM