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Debdombroski5
New Member

Converting to S Corp from LLC

I am currently an LLC for 2019, but starting Jan 1, 2020 it is converted to an S Corp.  Do I file a final 1065 for 2019, or do I file a final 1065 in 2020?

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tagteam
Level 15

Converting to S Corp from LLC

Did you file your Form 2553? If so, what did you select as the effective date?

 

Regardless, you would file a final 1065 for 2019 and an initial 1120-S for 2020.

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1 Reply
tagteam
Level 15

Converting to S Corp from LLC

Did you file your Form 2553? If so, what did you select as the effective date?

 

Regardless, you would file a final 1065 for 2019 and an initial 1120-S for 2020.

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