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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
‎April 10, 2022
8:20 AM