Hello!
I moved from California to Tennessee for a career change the first of the year in 2023. I no longer participated in "LLC," (owned by me, and I am the only member) which is listed in California from there on out. I finally got around to dissolving "LLC" 3/9/23. I have been self employed, working as a sole proprietor in Tennessee all of 2023, in a completely different line of work.
For a years, I have been filing my rental properties (all in California), under "LLC," taking depreciation each year, so my questions are:
-Do I add another business under "Business Income & Expenses," to add my new venture's 1099's etc, and move all my rentals to this field? Is there an easy way to do this?
-Do I leave the "LLC" business listed and the only thing I do here is check off "this business was sold or disposed of this year?"
Thanks in advance!