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Change in Business Structure Mid year

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Level 3

Hi,

I would like some advice on how to report income and expenses on a business that changed from sole prop to C Corp mid year.  Do i need to file a schedule C for half the year and 1120 for the remainder, or do I file a schedule 1120 for entire year?

 

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2 Replies 2
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Level 15

Sch C for beginning of year, then C Corp 1120 for rest of year.


ex-AllStar
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Level 3

Thank you, sjrcpa!

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