Re: How do I properly record converting an LLC int...
New Member

Business & farm

It's a C corp, not an S corp.

 

I'm just trying to understand what Turbotax wants for the "Purchase date" and "Sales Date'.

 

Like, what is asking for?

 

Are you saying that you think that "purchase date" = "business start date" and "sale date" = "conversion date"?


How does this affect asset depreciation?

 

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