Solved
MMLLC TO SMLLC
- 1065 LLC, two members.
- one wants out end of 2019
- i was going to file 8832 effective for 2020 going to disregarded entity, (schedule c)
- Does this sound correct?
- If so do I mark 2019 Form 1065 final return.
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If a two member LLC loses one member it is automatically a disregarded entity. No need to file/elect anything.
I mark the 1065 final and attach a statement explaining that Jon Smith XXX-XX-XXXX remaining member will continue the business and it will be reported on his 1040 Sch C, E or F
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