An LLC taxed as a partnership has elected Subchapter S status for 2024. When trying to input information for an 1120S, I get an error message of a duplicate Tax ID. How to I remove that error?
Did you transfer the 1065 to 2024?
Is the S-election effective for all of 2024?
Yes, the info from last year was transferred (as a 1065) but the Sub S election is effective beginning 1/1/24.
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