What form should we choose to prepare a new return using TurboTax Business if we are Multi-member LLC but has file form 8832 to elect C-Corp tax status? Do we choose form 1065 and it will have an area in the form to specify that we already elect C-Corp tax status with the IRS or do we just use form 1120 for C-Corp?
Also, when we change our tax status from an LLC to a C-corp, do we have to liquidate all of our assets and be taxed by their gain and loss?
