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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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.
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.
Paula,
Thank you very much.
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