Skip to main content
Level 1
March 16, 2022
Question

Single Member LLC

  • March 16, 2022
  • 1 reply
  • 6 views

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

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
March 16, 2022

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.

The more I know the more I don’t know.