George4Tacks
Level 15
05-16-2024
02:59 PM
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Just to be clear - 2022 filed a Schedule C as a disregarded entity, then at some time in 2023 converted the sole proprietorship to a S-Corp.
If that is the case I would assume Sch C for part year 2023 and a final 568 for the disregarded entity.
I believe there should be an IRC 351 election filed with the 1040.
Answers are easy. Questions are hard!