Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Commander2000
Level 1

Sole Proprietorship to an LLC

I changed my sole proprietorship to a single member LLC mid year 2020. They are same business, just  a structure change.  Do I file 2 schedule C's or combine the activity in to one Schedule C?

2 Replies
npierson7
Level 1

Sole Proprietorship to an LLC

Yes, you should combine the business activities and file all income and expense items on one Schedule C. 

Critter-3
Level 15

Sole Proprietorship to an LLC

As a single member LLC it is treated the same way as the prior Sch C ... other than adding the LLC's EIN to the Sch C nothing else changed on the tax return.  

Dynamic AdsDynamic Ads
Privacy Settings
v