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Single Member LLC

decoursey01
Level 1

Can I switch for a SMLLC who filed a 1120 last year, to one that is not a pass-thru entity and files a 1040 in 2021?

 

Titus D

0 Cheers
1 Comment 1
sjrcpa
Level 15

No. Once you make an election to be taxed as a corp, you are pretty much stuck.

And an 1120 is not a pass through entity return.


Ex-AllStar