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Level 3
September 13, 2023
Solved

Client changed their business entity

  • September 13, 2023
  • 1 reply
  • 4 views

My client changed their business entity from an unregistered partnership to an LLC (registered with CA) partway through 2022.  Obviously, the state return has to be split between the CA partnership and CA LLC.  Do I also need to split the Federal return?  Nothing else has changed in the business beyond filing the LLC paperwork.

 

Thanks

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Best answer by sjrcpa

If it's still a 1065 no splitting on the federal return. Use the new name and mark name change box.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
September 13, 2023

If it's still a 1065 no splitting on the federal return. Use the new name and mark name change box.

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