Transitioned business from proprietorship to LLC

I transitioned my commercial operation midst 2007 to an LLC. Should I record taxes as dual apart businesses? The initial to embody income as well as losses as the solitary proprietorship as well as the second to embody income as well as losses after apropos an LLC.

Or should I only embody all underneath the LLC?

Thanks!
It is the singular owners LLC with the own Tax ID.
Also, I do not have any employees.

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Tagged as: Business, file, From, proprietorship, taxes, Transitioned

{ 2 comments… read them below or add one }

Cedrick June 18, 2010 at 2:01 pm: You are correct, keep each seperate for the time you had activity. If you are getting 1099-Misc make sure to correctly report it under the ssn or EIN
taxmannyc June 18, 2010 at 2:10 pm: You should file a single Schedule C with your personal return (1040). You should not use the separate tax ID# for the LLC unless you have employees. Your social security number should be used whenever you fill out Form W-9 for your business.

TRANSITIONED BUSINESS FROM PROPRIETORSHIP TO LLC – HOW TO FILE TAXES?

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