My wife's Sole Proprietorship switched to a husband/wife LLC beginning on January 1, 2022. We live in a community property state (Texas), so I believe we can file as a "Husband and Wife Qualified Joint Venture LLC" via a Schedule C along with our 1040 and NOT have to file as a partnership. (If I'm understanding all of this correctly, we'd be filing the same method as we've done all along). We did obtain a new EIN for this LLC. Do we have to "Close" my wife's old sole proprietorship in Turbo Tax and "Open" our LLC to inform the IRS of this? If so, how do I do this? I don't believe we have any assets we were depreciating. We do however have an inventory and a personal vehicle that we were using for business purposes.
