Level 3

posted Jan 21, 2019 9:48:00 AM

LLC Created Date Question

In Turbo Tax, it asks when was the LLC created? Do I use the date I created it with the State 11/29/17, or 1/1/2018 which is when I started collecting and paying everything under the Master LLC. And I assume I have to enter all the depreciation and such from the old LLC's into the new individual LLC's. Thank you

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2 Best answers

Employee Tax Expert

Feb 3, 2019 6:04:01 AM

Use the actual creation date for the question, 11/29/17 in your case. And yes, you will need to move the depreciation records to the new LLC. Use the depreciation report as a guide.

Level 3

Feb 6, 2019 12:06:58 PM

Paula,

Thank you very much.

2 Replies

Employee Tax Expert

Feb 3, 2019 6:04:01 AM

Use the actual creation date for the question, 11/29/17 in your case. And yes, you will need to move the depreciation records to the new LLC. Use the depreciation report as a guide.

Level 3

Feb 6, 2019 12:06:58 PM

Paula,

Thank you very much.