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Level 2
posted Jan 2, 2024 6:59:26 PM

Reinstated LLC in 2023 - do I list as Acquired in 2023?

Hi - I dissolved my LLC in 2022 but reinstated it in 2023. When putting in business info within turbotax for 2023 tax year it asks if I started the business in 2023, sold the business in 2023, or neither of these apply. Do I choose started in 2023 since i reinstated it or neither of these apply?

0 2 248
2 Replies
Level 12
Jan 2, 2024 8:14:14 PM

Business never discontinued for taxes and it's a SMLLC so not acquired in 2023.

Level 2
Jan 2, 2024 8:15:32 PM

thank you