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swparker
New Member

S-Corp changed to LLC effective dec 31, 2023

my S-Corp has been changed to an LLC effective dec 31, 2023.  The State Paperwork is in process and the IRS will be notified of the Revocation of Subchapter S election by March 15. 

do I check "this S-Corp ended in 2023" when completing my K1 form 1040 for 2023?

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2 Replies
ThomasM125
Expert Alumni

S-Corp changed to LLC effective dec 31, 2023

Yes, since this will be your last year filing as the S Corporation, you should mark final return on it.

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swparker
New Member

S-Corp changed to LLC effective dec 31, 2023

Thank You. Since we will be filing a different Federal return as an LLC that makes sense. 

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