Discussion:Balance sheet on LLC converted to S corp

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Discussion Forum Index --> Advanced Tax Questions --> Balance sheet on LLC converted to S corp
Discussion Forum Index --> Tax Questions --> Balance sheet on LLC converted to S corp

PBinNJ (talk|edits) said:

16 May 2009
When the single member LLC elects to be taxed as an S corp, does the SMLLC'S balance sheet carry forward to the first year of the 1120S? Thanks.

JR1 (talk|edits) said:

May 16, 2009
Yes, merely change the equity section.

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