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Partnership LLC to Single-Member (married)
At the beginning of this year (2022) I filed for an LLC in my state and listed my Husband as a member, not knowing it would be considered a "Partnership". I just filed through my state to remove him from my LLC (which would make it a single-member), however, how would I file when tax season comes around? The business is 100% run by me, and he agrees that all assets are technically mine since he has his own full-time job and doesn't have anything directly to do with the LLC.
Would I file a first and "final" 1065 for half of the year and then claim the rest under my personal return? Also, what would I put down in terms of assets if my husband and I both agree that I'm entitled to 100% of what I made during the partnership?
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‎October 4, 2022
5:55 PM