I got 1099-K for 27K form PayPal for 2016. Until July 9 I have 9K sales and 18k the rest of the year.
In 2016 I have had LLC (it's dissolved as of 1/1/17), i did business exclusively on eBay store. I have requested to treat my LLC as S-Corporation, and it kicked in at July 8 (got letter from IRS).
Now i have my personal taxes and LLC taxes. As i understand before July 8 (S-Corp status) my LLC income and expenses treated as my personal? And after July 8, 2016 my LLC corporation with its own deductibles and income?
Is there from where i can split my 1099-k form PayPal? Or I can do all the taxes together disregarding S-Crop status (approved at July 8,16)?
