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IS FORM 8832 TO BE SIGNED AND ATTACHED TO ELE FILING FOR PARTNERSHIP 1065 FIRST TAX RETURN

bm
Level 3

THIS IS INITIAL TAX RETURN WHERE EIN WAS TAKEN FOR SOLE MEMBER NOW IT WOULD LIKE TO CONVERT IN PARTNERSHIP

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sjrcpa
Level 15

That doesn't matter.

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

View solution in original post

5 Comments 5
sjrcpa
Level 15

If it is a partnership now because a second member was added, 8832 is not needed. Partnership is the default status for a multi member LLC.

The more I know, the more I don't know.
bm
Level 3

Well this is first filing where EIN was issued in October 2022  says Sole Member 

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sjrcpa
Level 15

That doesn't matter.

The more I know, the more I don't know.
bm
Level 3

I WAS THINKING LIKE WE ATTACH FORM 2553 ELECTION FOR A SMALL BUSSINESS UNDER REV PROC 2013-30 TO S COPRPORATION

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sjrcpa
Level 15

8832 is only when you are electing out of the default classification.

Please don't SHOUT. Most of us can hear well.

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