I closed down the LLC in Virginia when we moved in May. I created a new LLC in Indiana with a similar but different name (since original name in Indiana would not make sense).
I am starting to work on 2022 taxes.
I updated my address to Indiana in personal section.
Now in business section for Virginia LLC. It now shows new address. Do I change back to old address here (without changing it globally)?
Do I say the business ceased operations in 2022 and then create a new business starting in 2022 in Indiana? If so, do I lose the remaining years of depreciation?
If I keep the business, will it know (or give me the option) to put in income appropriate to each state?
(This is why I have not moved in over 30 years. Handling this stupid tax stuff moving is unnecessarily complicated.)
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You really do not have to be concerned with the change if the LLC is a single-member LLC without employees.
You really do not have to be concerned with the change if the LLC is a single-member LLC without employees.
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