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  • Re: I created an LLC back in August and failed to elect S-Corp tax treatment in time. For 2021, my taxes will run through Schedule C on 1040. Can I elect S-corp for 2022?
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Anonymous_
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Business & farm

See https://www.irs.gov/instructions/i2553#idm139855003794080

 

You can elect for the 2022 tax year. However, you will be treated as a sole proprietor for 2021.

‎January 30, 2022 11:58 AM
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