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October 5, 2022
Question

Partnership LLC to Single-Member (married)

  • October 5, 2022
  • 2 replies
  • 0 views

At the beginning of this year (2022) I filed for an LLC in my state and listed my Husband as a member, not knowing it would be considered a "Partnership". I just filed through my state to remove him from my LLC (which would make it a single-member), however, how would I file when tax season comes around? The business is 100% run by me, and he agrees that all assets are technically mine since he has his own full-time job and doesn't have anything directly to do with the LLC. 
Would I file a first and "final" 1065 for half of the year and then claim the rest under my personal return? Also, what would I put down in terms of assets if my husband and I both agree that I'm entitled to 100% of what I made during the partnership? 

2 replies

Critter-3
October 5, 2022

Did you get an EIN for the business ?   If so what form did the IRS say you were to file on the EIN issuance notice ? 

Rick19744
Employee
October 5, 2022

What state are you in and what activity did the entity have this year?

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.