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Retirement tax questions
I think I will need to ask a few questions first:
How are you filing a return in the past? Are you filing as a 1120 or 1065? If you have been filing a return like these, then you would be getting a K1 that you would add to your 1040. If you would like to just file on a 1040 using the Schedule C (self employment)then you would have to end your designation as a S Corp, C Corp or Partnership and file a final return for that entity. You would then use Schedule C that flows to the 1040.
Let me know if you have other questions.
Katie S.
Katherine S 63
‎July 26, 2023
11:03 AM