Business & farm

Thanks for this guidance. This is really helpful. 

 

I assume that the if the conversion was FROM a single member llc TO a multi member llc (i.e., the other way round), the advice would be the same. The tax reporting would be divided into two short year returns, one organized around a schedule C and the other around the Form 1065/Schedule K-1.  

 

Assuming that neither LLC is a corporation, is that correct?


Andrew