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Level 1
March 9, 2020
Solved

Converting to S Corp from LLC

  • March 9, 2020
  • 1 reply
  • 13 views

I am currently an LLC for 2019, but starting Jan 1, 2020 it is converted to an S Corp.  Do I file a final 1065 for 2019, or do I file a final 1065 in 2020?

    Best answer by Anonymous_

    Did you file your Form 2553? If so, what did you select as the effective date?

     

    Regardless, you would file a final 1065 for 2019 and an initial 1120-S for 2020.

    1 reply

    Level 15
    March 9, 2020

    Did you file your Form 2553? If so, what did you select as the effective date?

     

    Regardless, you would file a final 1065 for 2019 and an initial 1120-S for 2020.