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Level 2
January 3, 2024
Question

Reinstated LLC in 2023 - do I list as Acquired in 2023?

  • January 3, 2024
  • 2 replies
  • 18 views

Hi - I dissolved my LLC in 2022 but reinstated it in 2023. When putting in business info within turbotax for 2023 tax year it asks if I started the business in 2023, sold the business in 2023, or neither of these apply. Do I choose started in 2023 since i reinstated it or neither of these apply?

2 replies

M-MTax
Level 15
January 3, 2024

Business never discontinued for taxes and it's a SMLLC so not acquired in 2023.

jd40ozAuthor
Level 2
January 3, 2024

thank you