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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationCan you go from an LLC Partnership back to a sole owner LLC
Steve Podwojski's profile image
Steve Podwojski's profile image
Steve Podwojski
  • from ANNAPOLIS, MD
  • Member since Apr 10, 2018
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Steve Podwojski's profile image
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Steve Podwojski
  • from ANNAPOLIS, MD
  • Member since Apr 10, 2018
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Steve Podwojski
  • ANNAPOLIS, MD
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Tax, SDIRAs & Cost Segregation

Can you go from an LLC Partnership back to a sole owner LLC

Steve Podwojski
  • ANNAPOLIS, MD
Posted Apr 10 2018, 16:59

I have owned a LLC partnership for 6 years in Maryland that owns rental properties and filed tax returns. If I convert it back to a sole owner pass-through LLC will it spark an audit?

Also, can I set it up so that my S-corp LLC owns the above sole owner LLC. This way I only have to file one tax return and have to W2 myself through one company?

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