MaryK4
Expert Alumni

Business & farm

Yes, you will want to file the first part of the year on Schedule C.  You can file the Partnership return with a short tax year if you want/need to keep it on a calendar year tax schedule, using the date of change in structure as the start date.

 

 

Please note:

An eligible entity uses Form 8832 to elect how it will be classified for federal tax purposes, as a corporation, a partnership, or an entity disregarded as separate from its owner.

 

Do You Need a New EIN? | Internal Revenue Service

 

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