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Client changed their business entity

gsa11
Level 3

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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Accepted Solutions
sjrcpa
Level 15

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

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

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1 Comment 1
sjrcpa
Level 15

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

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