Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Single Member LLC

decoursey01
Level 1

Can I switch for a SMLLC who filed a 1120 last year, to one that is not a pass-thru entity and files a 1040 in 2021?

 

Titus D

0 Cheers
1 Comment 1
sjrcpa
Level 15

No. Once you make an election to be taxed as a corp, you are pretty much stuck.

And an 1120 is not a pass through entity return.

The more I know, the more I don't know.