@AmyCYour answer is really helpful. I'm glad I found it by searching for this topic. My wife and I each own 50% of an LLC. We've been filing partnership return so far, but for 2020 and beyond, we'd like to file 2 schedule C's instead (we live in Texas, a community property state) for simplicity. How do we notify IRS of this change? If we just stop filing the partnership return, I suppose IRS would think we failed to file the partnership return on time and issue penalty, since the partnership tax return is due earlier than personal tax return. Thank you!
