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Updated about 7 years ago on . Most recent reply

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7
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Sean Jafari
  • riverview, fl
0
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7
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S Corp to LLC partnership

Sean Jafari
  • riverview, fl
Posted

How do I remove my rental properties from an LLC taxed as S corp ( I thought I was going to flip them but now I am keeping them for rentals) to LLC taxed as partnership ?

Most Popular Reply

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2,070
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Daniel Hyman
Tax & Financial Services
Pro Member
  • CPA
  • Milwaukee, WI
1,600
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2,070
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Daniel Hyman
Tax & Financial Services
Pro Member
  • CPA
  • Milwaukee, WI
Replied

@Sean Jafari

If you hired a professional to assist you with the entity formation, you should have them assist you with this as well. Basically, you'll need to file Form 8832 which is a request to reclassify your tax election.

  • Daniel Hyman
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