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I started business on 01/01/2015 as a sole proprietor, change to LLC on 12/15/2015, elect S Corp on 01/15/2016. Can I file taxes as S Corp including all income from 2015?
For example, if I made $50,000 net profit as a sole proprietor from 01/01/2015 to 12/14/2015, and I made $50,000 net profit as LLC from 12/15/2015 to the end of the year 2015, and file for S Corp status, can I include the $100,000 as net profit when filing taxes as S Corp?
May 31, 2019
7:49 AM