Question

I've registered my muti-member LLC for rental investments as an s-corp by mistake in 2024. How can I undo this and what do i still need to do for the S-Corp Tax? I did not give salary in 2024, I also did not have any income from this business..

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You can revoke the election. See IRS procedures at the link below.

You would need to file a final 1120-S for the 2024 tax year at this point.

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