Converted sole proprietor to S corp

zenveg · ‎October 13, 2019

Started the year by converting a sole proprietorship into an S Corp and an accounted filed taxes for the company. Do I dispose of the previous sole proprietorship, which has the same name, or ignore any entries for the year and just file the W2 and K-1 received by the S Corp?

halpalms · ‎October 13, 2019

in TT dispose of the assets transferred to the s corp....mark that you disposed of the SCH C business in TT.

Converted sole proprietor to S corp

Business & farm