sjrcpa
Level 15
01-13-2022
06:53 PM
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Did she buy the LLC?
Or did she buy the assets of a business?
Either way, her Schedule C reports only the business activity for the period of time she is the owner.
But if she bought the LLC, the 1099s and W-2s and 940 are reported for the entire year and she is now the person responsible for filing them.
The more I know the more I don’t know.