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I mistakenly set up my nonprofit as an LLC for a year but plan to convert it to a corporation this year. What tax return should I file for last year's nonprofit LLC?
I don't believe I made any money for the nonprofit last year because we were mostly setting things up, but I have lots of expenses. I'm not sure if nonprofits are allowed to carryforward losses.
‎January 16, 2025
3:41 PM